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Christopher has a part-time job that pays $2,900 for the year. During the year 24% is taken out for Federal Taxes. At the end of the year when taxes are calculated, Christopher discovers that only 18%
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Christopher has a part-time job that pays $2,900 for the year. During the year 24% is taken out for Federal Taxes. At the end of the year when taxes are calculated, Christopher discovers that only 18% needed to be paid in taxes. How much of a refund will Christopher receive?

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Answer:

$164 refund

Explanation:

2900 x .24= $686 withheld

2900 x .18= $522 actually owed

686-522= $164

User Jackyto
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