Question: Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes? How much? Adjusted gross income $ 46,950 Itemized

Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes? How much?

Adjusted gross income$46,950Itemized deductions$15,820
Child care tax credit$170Federal income tax withheld$2,600
Amount for personal exemptions$8,660AVERAGE Tax Rate30percent

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