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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
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 Tax Rate 158 20.5% $90,563-$140,388 268 $140,388-$200,000 298 Net income Deductions to determine net income Federal income tax withheld Total non-refundable tax credit amounts, excluding medical expenses Medical expenses $51,290 $11,630 $ 7,099 $10,349 $ 3,000 Refund $ 971.05$
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