Question
A person with a total tax liability of $4,350 and withholding of federal
taxes of $3,975 would:
a)owe $4,350.
b)owe $375.
c)receive a refund of $4,350.
d)receive a refund of $375.
HE OWES $375,BUT I'M NOT SURE?THANK YOU:)))))
taxes of $3,975 would:
a)owe $4,350.
b)owe $375.
c)receive a refund of $4,350.
d)receive a refund of $375.
HE OWES $375,BUT I'M NOT SURE?THANK YOU:)))))
Answers
Ms. Sue
His total taxes are $4,350.
But, he's already paid $3,975 that was withheld from his pay check.
4350 - 3975 = 375
He owes $375.
So -- you're right! :-)
But, he's already paid $3,975 that was withheld from his pay check.
4350 - 3975 = 375
He owes $375.
So -- you're right! :-)