Lee is single and has two daughters, Ava and Alice. He makes $155,600 in gross income from his job at NASA. During 2020 he had $6,000 in adjustments. He also had $17,600 in qualified medical expenses and $9,000 in other fully itemized deductions. Income tax held throughout the year = $18,500 Standard Deduction: Head of Household=$18,800; Single=$12,550; Married Filing Jointly=$25,100 $2000 child tax credit Schedule Z-If your filing status is Head of household The tax is: If your taxable income is: Over- But not over- $0 $14,200 14,200 54,200 54,200 86,350 86,350 164,900 164,900 209,400 209,400 523,600 523,600 - 10% $1,420.00 +12% 6,220.00 + 22% 13,293.00 + 24% 32,145.00 + 32% 46,385.00 + 35% 156,355.00 + 37% of the amount over- $0 14,200 54,200 86,350 164,900 209,400 523,600 Will a refund be received or will payment be owed to the government? owe government $1.461 refund of $1,753 owe government $1,825 refund of $1,895 What is the tax free rate of return for an investment that has a taxable yield of 9.6% and a marginal tax bracket of 24%? O 7.30% 0 4.73% 8,40% 10.15%