3. Dale earned $985 per week last year. He
paid 16% in federal withholding. After he
completes his tax returns, will he receive a
refund? If so, how much will he receive. If
not, how much more in taxes does he
owe?
Taxable income
Tax owed
At least
But less than
Tax due
$50,950
$51.000
$8,600
$51,100
$51.150
$8,650
$51.200
$51.250
$8,770