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Sedbober [7]
1 year ago
8

Martin’s gross pay is $30,135 per year. His federal income tax percent that is withheld from his paycheck is 15%. The amount of

money that he owes the government after federal deductions is $4,150. Which of the following is true?
Martin owes about $4,520 in federal taxes.
Martin owes about $370 in federal taxes.
Martin will get a refund of about $3,899.
Martin will get a refund of about $370.
Business
1 answer:
jek_recluse [69]1 year ago
6 0

Martin will get a refund of about $370.

What is the estimated federal deductions from the gross pay of $30,135?

The estimated federal deductions is 15% of the gross pay of Martin, which is $30,135, in other words, the initial federal deductions before the actual federal deductions of $4,520 is known is as computed below:

Estimated federal deductions=15%*$30,135

estimated federal deductions=$4,520.25

The actual federal deductions  of $4,150 is lower compared to the amount withheld from gross pay, hence, there would be a refund for Martin

refund=$4,520.25-$4,150

refund=$370.25

Find out more about federal tax on:brainly.com/question/11275811

#SPJ1

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