Answer:
$2,373.23
Step-by-step explanation:
-Tax refund is determined by comparing your total income tax to the amount that was withheld for federal income tax.
-Assuming that the amount withheld for federal income tax was greater than your income tax for the year, you will receive a refund for the difference.
#Refund =Withheld -Actual Tax liability=$15345.21-$12971.98=$2,373.23
Hence James' tax refund will be $2,373.23
