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

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 tax withheld

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

Step2: Determine refund or amount owed

He owes $16800$ after deductions. To find out if he gets a refund or owes more, we subtract the amount he owes from the amount withheld. $18000−16800 = 1200$. Since the result is positive, he gets a refund.

Answer:

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