Total non-refundable tax credit amounts

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Based on the following data, will Ann and Carl Wilton receive a federal tax refund or owe additional taxes in 2016?(Input the amount as a positive value. Round your intermediate calculations and final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Taxable IncomeTax Rate

$0-$45,282 15%

$45,282-$90,563 20.5%

$90,563-$140,388 26%

$140,388-$200,000 29%

Net income $49,550

Deductions to determine net income $11,930

Federal income tax withheld $7,099

Total non-refundable tax credit amounts, excluding medical expenses $10,364

Medical expenses $3,000

Reference no: EM132223981

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