Question: Can you please show your calculation Based on the following data, will Ann and Carl Wilton receive a federal tax refund or owe additional taxes

Can you please show your calculation

Can you please show your calculation Based on the following data, will

Based on the following data, will Ann and Carl Wilton receive a federal tax refund or owe additional taxes in 2016? (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 $0-$45, 282 $45,282-$90,563 $90,563$140,388 $140,388$200,000 Tax Rate 15% 20.5% 26% 29% $ 48,690 $ 11,450 $ 6,829 Net income Deductions to determine net income Federal income tax withheld Total non-refundable tax credit amounts, excluding medical expenses Medical expenses $10,259 $ 2,400 Refund $ 3600.85

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