Answer to Question #254803 in Financial Math for Eliana

Question #254803

According to Josh's W-2 statement, his wages were $27,391 for the previous year. The amount deducted from his earnings for federal income tax was $3,009.95. He also earned $345 interest from his savings account. Josh is filing as a single person who cannot be claimed as a dependent on his parent's tax return, with a standard deduction of $7,800. How much Josh will be refunded? A. $421.95 B. $2588.00 C. $345.00 D. $695.55

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