Question

Yarin’s gross pay for the year was $3,500. The federal income tax withholding from his pay was 9% of his gross pay. Yarin determined the federal income tax he owes is $115. How much of a refund can Yarin expect?
$200
$315
$3,035
$3,185

Answer 1

Yarin can expect a $200 refund.

What is the difference between state tax and federal tax?

The differences between state and federal taxes as state taxes are collected by individual state governments to pay their unique state bills, as opposed to federal income taxes, which are collected by the federal government to pay for its expenses.

Given:

Yarin's gross pay for the year was $3,500.

The federal income tax withholding from his pay was 9% of his gross pay.

So,

=   9% of 3,500

=   (9/100)(3,500)

= 0.09(3,500)

= $315

Now, Yarin determined the federal income tax he owes is $115.

Refund expected = $315- $115

                            = $200

Hence, Yarin can expect a $200 refund.

Learn more about the federal income tax here:

brainly.com/question/2733100

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