70
QuizMultiple Choice

Topic Test

Question 70 • Financial Math - MA2007

Doug is filing singly. His net taxable income is $80,575. Every week, $304 is withheld from his earnings for income tax. Based on the table below, what can Doug expect when his taxes are due?

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Answer
A
Doug will receive a refund of $123.
B
Doug will receive a refund of $2,977.
C
Doug will owe an additional $1,125.
D
Doug will owe an additional $731.
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