Matthew, age 65, withdraws $14400 for retirement from his Roth IRA this year. How much will he owe in taxes if his current marginal tax rate is 12% and his average tax rate is 9%? O $1296 O $0 O $1728 O $432 Donald contributes $900 per month into his medical flexible spending account. During the year, he uses the funds for dental work and gets reimbursed the full amount in the account by the end of year. How much did Donald save in annual taxes if he is in the 12% tax bracket? O $10800 O $1296 $900 $5400 Your employer offers dental insurance for $440 per year pretax through your employee benefit plan. However, your employer does not contribute toward the cost, and your marginal tax rate will be 24 %. Buying the dental insurance through payroll deduction does not offer any financial advantage to you. will cost you 24 % of $440, so you will save $334 will cost you 24% of $440, so the net cost is $546. will save you $106 in taxes, so the net cost is $334 Based on his taxable income calculation on his tax return, Chris owes $1290 in federal income taxes for the year. His employer reported to the IRS that it withheld $2190 from his paychecks this year. Which of the following statements is correct? Chris will receive a refund of $900. Chris owes an additional $900. O Chris's employer will owe a penalty for under withholding. O Chris will not have to file a tax return