Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes. Adjusted gross income Credit for child and dependent care expenses Amount for personal exemptions $ 54,00 $ 60e $ 12,150 Itemized deductions Federal income tax withheld Tax rate on taxable income $ 12.410 $ 7,030 15 percent Would Beth and Roger Simmons receive a refund or owe additional taxes? What is the amount? (Do not round any intermediate calculations. Enter the amount as a positive value rounded to 2 decimal places.) The result is a payment due of Problem 3-16 (LO3.4) Reginald Sims deposits $7,500 each year in a tax-deferred retirement account. If he is in a 28 percent tax bracket, by what amount would his tax be reduced over a 20-year time period? Total tax savings