1
QuizMultiple Choice

Taxes

Question 1 • Personal Finance - EL3403

Last year, Nevan’s gross pay was $45,150. The federal income tax percent that was withheld from his gross pay was 16%. The amount of money that Nevan actually owes the government after deductions is $6,150. Which of the following is true?

Answer
A
Nevan owes an additional $984 in federal tax.
B
Nevan owes an additional $1,074 in federal tax.
C
Nevan will receive a refund of $984.
D
Nevan will receive a refund of $1,074.
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