Based on the following data, will Ann Wilton receive a federal tax refund or owe additional taxes
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Question:
Based on the following data, will Ann Wilton receive a federal tax refund or owe additional taxes in 2019? (Input the amount as a positive value. Round your intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.)
Taxable Income Tax Rate
0–$47,630 15%
$47,630–$95,259 20.5%
$95,259–$147,667 26%
$147,667–$210,371 29%
Employment income $ 68,190
Deductions to determine net income $ 11,320
Federal income tax withheld $ 8,784
Basic exemption tax credit $ 13,069
Student loan interest tax credit $ 1,300
Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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