Yarin’s gross pay for the year was $3,500. The federal income tax withholding from his pay was 9% of his gross pay. Yarin determined the federal income tax he owes is $115. How much of a refund can Yarin expect?
A. $200
B. $315
C. $3,035
D. $3,185
Federal tax withholding = $3,500 * 9%
= $315
Refund = Federal tax withholding – Federal tax owed
= $(315 – 115)
= $200
Answer: A. $200
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