Laura has 0 dependent children and earns a gross yearly salary of $76287. She will also make the following tax-deductible purchases:

Student loan interest: $2486

Educational expenses: $3389

When she file her taxes, what will her tax refund be?

Use the following information - standard deduction for heads of households: $18,000

Biweekly allowance: $159.60 per person.

For your final answer proceed as:

Annual Income Tax Pay/Refund = Total Annual Withholding - Final Income Tax.

If the couple has to pay the government, type the number with a negative sign. For example -1280.

If the couple has to receive a refund from government, type the number without sign. For example 1280.

Heads of Household If Taxable Income Is Between: 0 $13,600 $13,601 $51,800 $51,801 $82,500 $82,501 $157,500 $157,501 $200,000 $200,001 $500,000 $500,001+ The Tax Due Is 10% of taxable income $1,360 + 12% of the amount over $13,600 $5,944 + 22% of the amount over $51,800 $12,698 + 24% of the amount over $82,500 $30,698 + 32% of the amount over $157,500 $44,298 + 35% of the amount over $200,000 $149,298 + 37% of the amount over $500,000 Taxable Wages SO $142 $142- $509 $509 - $1,631 $1,631 - $3,315 $3,315- $6,200 $6,200 $7,835 $7,835-$19,373 $19,373 or more Wages Withholding $0.00 $0.00 plus 10% of amount exceeding $142 $36.70 plus 12% of amount exceeding $509 $171.34 plus 22% of amount exceeding $1,631 $541.82 plus 24% of amount exceeding $3,315 $1,234.22 plus 32% of amount exceeding $6,200 $1,757.42 plus 35% of amount exceeding $7,835 $5,795.72 plus 37% of amount exceeding $19,373