Question 8 Laura has 1 dependent children and earns a gross yearly salary of $75,542. She will also make the following tax-deductible purchases: Student loan interest: $2,151 Educational expenses: $3,904 When she file her taxes, what will her tax refund be? Use the following information: Standard deduction for heads of households: $18,650 Heads of Household If Taxable Income Is Between: The Tax Due is: 0 - $14,100 10% of taxable income $14,101 - $53,700 $1,410 + 12% of the amount over $14,100 $53,701 - $85,500 $6,162 + 22% of the amount over $53,700 $85,501 - $ 163,300 $13,158 + 24% of the amount over $85,500 $163,301 - $207,350 $31,830 + 32% of the amount over $ 163,300 $45,926 + 35% of the amount over $207,350 $207,351 - $518,400 $518,401 $154,793.50 +37% of the amount over $518,400 Biweekly allowance: $165.38 per person. 2020 Head of Household Person Biweekly Withholding Table Taxable Wages Wages Withholding $0 - $359 $0.00 $359 - $630 $0.00 plus 10% of amount exceeding $359 $630 - $1,391 $27.10 plus 12% of amount exceeding $630 $1,391 - $2,003 $118.42 plus 22% of amount exceeding $1,391 $2,003 - $3,499 $253.03 plus 24% of amount exceeding $2,003 $3,499 - $4,346 $612.10 plus 32% of amount exceeding $3,499 $4,346 - $10,328 $883.14 plus 35% of amount exceeding $4,346 $10,328 or more $2,976.84 plus 37% of amount exceeding $10,328 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. Round your answer to the nearest dollar