Julia’s gross pay was $4,500 last year. the federal income tax withholding from her pay was 13% of her gross pay. julia determined the federal income tax she owes is $495. how much of a refund can julia expect?
$64.35

$90.00

$430.65

$585.00

amount of refund Julia expect is $90

correct option is $90.00

Explanation:

given data

gross pay = $4,500

federal income tax pay = 13%

federal income tax owes = $495

to find out

How much of a refund can Julia expect

solution

we know here Gross pay and federal income tax pay rate so

After federal income tax

amount will = 13 % of $4500  = 0.13 × 4500 = $585

so that amount of refund Julia can expect

amount of refund Julia expect is = $585 - $495

so amount of refund Julia expect is $90

so correct option is $90.00

amount of refund Julia expect is $90

correct option is $90.00

Explanation:

given data

gross pay = $4,500

federal income tax pay = 13%

federal income tax owes = $495

to find out

How much of a refund can Julia expect

solution

we know here Gross pay and federal income tax pay rate so

After federal income tax

amount will = 13 % of $4500  = 0.13 × 4500 = $585

so that amount of refund Julia can expect

amount of refund Julia expect is = $585 - $495

so amount of refund Julia expect is $90

so correct option is $90.00

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20