Determining a Refund or Taxes Owed. Based on the following data, would Ann and Carl Wilton receive a refund or owe additional taxes? (Obj. 2)
Adjusted gross income, $46,686
Itemized deductions, $11,420
Child care tax credit, $80
Federal income tax withheld, $4,784
Amount for personal exemptions, $7,300
Tax rate on taxable income, 15 percent
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