Molly earns a gross yearly salary of $156,716. She has no dependent children and made the following tax deductible purchases:

Charitable contributions: $7,445

Student loan interest: $972

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

Round your answer to the nearest dollar.

Use the following information:

Standard deduction for single filers: $12400. (chart attached, rest of problem attached as well)

If Taxable Income ls Between: 0 - $9,875 10% of t. $9,876- $40,125 - $987.50 + 12% of $40,126 - $85,525 I $4,617.50 + 22% of $35,526 - $163,300 - $14,605.50 4- 24% 0' $163,301 - $207,350 I $33,217.50 + 32% of $207,351 - $518,400 ' $47,367.50 + 35% of $518,400 I $156,235 + 37% OH Biweekly allowance: $165.38 per person. 2020 Single Person Biweekly Withholding Table Taxable Wages WW1! $0 - $238 $0.00 $238 - $428 $0.00 plus 10% of amount e $428 - $1,010 $19.00 plus 12% of amount $1,010 - $1,883 $88.84 plus 22% of amount $1,883 - $3,379 $280.90 plus 24% of amoun' $3,379 - $4,226 $639.94 plus 32% of amoun' $4,226 - $10,208 $910.98 35% of amount exc $10,208 or more $3,004.68 plus 37% of amOI. For your nal answer proceed as: Annual Income Tax Pay/Refund = Total Annual Withholding - Final Income Tax. If the person has to pay the government, type the number with a negative sign. For example -1280. If the person has to receive a refund from government, type the number without sign. For example 1280