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Taxable Income: $58,649 Total withheld by employer: $7,984.10 What describes the situation best? A. They owe $708.68 to the IRS B. They owe $869.28 to
Taxable Income: $58,649
Over $40,125 but not over $85,525 $4,617.50 plus 22% of the excess over $40,125 Total withheld by employer: $7,984.10
What describes the situation best?
A. They owe $708.68 to the IRS
B. They owe $869.28 to the IRS
C. They will recieve a refund of $708.68
D. They will recieve a refund of $869.28 
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
