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?\nmr. porter will owe $1,200 in federal taxes.\nmr. porter will owe $351 in federal taxes.\nmr. porter will get a refund of $1,200.\nmr. 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?\nmr. porter will owe $1,200 in federal taxes.\nmr. porter will owe $351 in federal taxes.\nmr. porter will get a refund of $1,200.\nmr. porter will get a refund of $351.

Answer

Answer:

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

Explanation:

Step1: Calculate amount withheld

The amount withheld from his paycheck is 20% of $90,000. So, $0.2\times90000 = 18000$.

Step2: Determine refund or owe amount

He owes $16800$ after deductions. The difference between the amount withheld and the amount owed is $18000 - 16800=1200$. Since the amount withheld is more than the amount owed, he will get a refund of $1200$.