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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
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% |
Net income(line 23600) | $ | 49,650 |
Deductions to determine net income | $ | 11,870 |
Federal income tax withheld | $ | 7,009 |
Total non-refundable tax credit amounts, excluding medical expenses | $ | 10,334 |
Medical expenses | $ | 2,800 |
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