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Determining A Refund or Taxes Owed. Based on the following data, will Ann and Carl Wilton receive a frederal tax refund or owe additional taxes
Determining A Refund or Taxes Owed.
Based on the following data, will Ann and Carl Wilton receive a frederal tax refund or owe additional taxes in 2007?
Net income: $48,190
Deductions to determine net income: $11,420
Federal income tax withheld: $6,784
Total non-refundable tax credit amounts, excluding medical expenses: $10,244
Medical expenses: $2,300
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