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The Refund part is correct, I would appreciate some guidance on the amount. I have tried $1199.15 and $950.90 and they are all wrong Based
The "Refund" part is correct, I would appreciate some guidance on the amount. I have tried $1199.15 and $950.90 and they are all wrong
Based on the following data, will Ann and Carl Wilton receive a federal tax refund or owe additional taxes in 2016? (Input the amount as a positive value. Round your intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.) Taxable Income $0-$45, 282 $45,282-$90,563 $90,563-$140,388 $140,388-$200,000 Tax Rate 15% 20.5% 26% 29% $ 49,650 $ 11,870 $ 7,009 Net income Deductions to determine net income Federal income tax withheld Total non-refundable tax credit amounts, excluding medical expenses Medical expenses $ 10,334 $ 2,800 Refund $ 1199.15Step by Step Solution
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