Tony is single, and his annual taxable income for 2017 is $35,200. A total of $5,400 was withheld from his paychecks in 2017 for federal income tax. How much will Tony owe to the IRS or receive as a refund? Note: The tax is $932.50 plus 15% of the excess over $9,325. O Owes $586.25 O Refund of $812.50 O Refund of $586.25 O Owes $812.50