2
QuizMultiple Choice

Principles of Financial Planning — Unit test

Question 2 • IC - Personal Finance - Deering

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?

Answer
$
$200
$
$315
$
$3,035
$
$3,185
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Yarin’s gross pay for the year was $3,500. The…