The situation you described indicates that you had more money withheld from your paycheck for federal taxes than you actually owe in federal taxes for the year. Here's the breakdown:
- Amount withheld from your pay for federal taxes: $3,155.24
- Amount calculated as federal tax owed: $2,791.80
Since the amount withheld ($3,155.24) is greater than the amount you owe ($2,791.80), this means that you have overpaid your federal taxes for the year.
As a result, you will likely be eligible for a tax refund. The refund amount can be calculated by subtracting the amount you owe from the amount withheld:
Refund = Amount Withheld - Amount Owed Refund = $3,155.24 - $2,791.80 = $363.44
Therefore, you can expect to receive a tax refund of approximately $363.44 when you file your tax return, assuming there are no other factors that would affect your refund (such as additional taxes owed or credits).
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