determining income tax mr. porters gross pay is $90,000 per year. he files taxes as head of a household, and…

determining income tax mr. porters gross pay is $90,000 per year. he files taxes as head of a household, and his income - tax percentage is 20%, so that is withheld from his paycheck. when he files his taxes, he owes $16,800 after deductions. which of the following is true? mr. porter will owe $1,200 in federal taxes. mr. porter will owe $351 in federal taxes. mr. porter will get a refund of $1,200. mr. porter will get a refund of $351.

determining income tax mr. porters gross pay is $90,000 per year. he files taxes as head of a household, and his income - tax percentage is 20%, so that is withheld from his paycheck. when he files his taxes, he owes $16,800 after deductions. which of the following is true? mr. porter will owe $1,200 in federal taxes. mr. porter will owe $351 in federal taxes. mr. porter will get a refund of $1,200. mr. porter will get a refund of $351.

Answer

Explanation:

Step1: Calculate amount withheld

The amount withheld from his paycheck is 20% of his $90,000 gross - pay. So, the amount withheld is $90000\times0.2=$18000$.

Step2: Determine refund or amount owed

He owes $16800 after deductions. Since the amount withheld ($18000) is greater than the amount owed ($16800), he will get a refund. The refund amount is $18000 - 16800=$1200$.

Answer:

Mr. Porter will get a refund of $1,200.