A person had $3,645 withheld for federal income taxes and had a tax liability of $3,400. Would
Question:
A person had $3,645 withheld for federal income taxes and had a tax liability of $3,400. Would there be a refund or an additional amount due? For what amount?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To determine the amount of refund or ad...View the full answer
Answered By
Ehsan Mahmood
I’ve earned Masters Degree in Business Studies and specialized in Accounts & Finance. Couple with this, I have earned BS Sociology from renowned institute of Pakistan. Moreover, I have humongous teaching experience at Graduate and Post-graduate level to Business and humanities students along with more than 7 years of teaching experience to my foreign students Online. I’m also professional writer and write for numerous academic journals pertaining to educational institutes periodically.
4.90+
248+ Reviews
287+ Question Solved
Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
Mike E. Jones and Joan A. Baxter, each age 43, married on September 7, 2015. Mike and Joan will file a joint return for 2019. Mike's Social Security number is 111-11-1112. Joan's Social Security...
-
A person has had $3,790 withheld for income taxes and a final tax liability of $3,600. Would this be a refund or an additional amount due and for what amount?
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Suppose that two stocks whose rates of return are given by the two-factor arbitrage pricing model r= a +31 +42 r2 = 02 +241 +2, where a, and a2 are constants. Furthermore, there is a risk-free asset...
-
The Goofy Company issued $200,000 of 10% bonds on January 1, 2009. The bonds are due January 1, 2009, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare...
-
Use information on the endpapers of this book to calculate the average density of the Earth. Where does the value fit among those listed in Tables 1.5 and 14.1? Look up the density of a typical...
-
SWIGART v. BRUNO CALIFORNIA COURT OF APPEALS 13 CAL. APP. 5TH 529 2017 According to the American Endurance Ride Conference, endurance riding is a highly competitive and demanding sport. It is...
-
John Palmer and Henry Morrison formed the limited partnership of Palmer & Morrison for the management of the Huntington Hotel and filed an appropriate certificate in compliance with the limited...
-
Consider the Bertrand duopoly discussed in class. Assume each firm has constant marginal cost c = 10 and zero fixed cost. Each firm chooses a price Pi 0. The market demand is given by Q = 130 P,...
-
Howies Bakery is one of the most popular bakeries in town, and the favorite at Howies is French bread. Each day of the week, Howies bakes a number of loaves of French bread, more or less according to...
-
Ross Martin arrived at the following tax information: 1. Gross salary, $56,145 2. Interest earnings, $205 3. Dividend income, $65 4. Standard deduction, $12,550 5. Itemized deductions, $11,250 6....
-
Kara Delaney received a $3,000 gift for graduation from a relative. If she deposits the entire amount in an account paying 3 percent, what will be the value of this gift in 15 years?
-
Simplify the given expressions. Express all answers with positive exponents. x 3/10 x-1/5x2
-
Mrs. Vick, a 40-year-old cash basis taxpayer, earned $45,000 as a teacher and $5,000 as a part- time, self-employed real estate agent in Year 5. Mr. Vick, who died on July 1, Year 5, had been...
-
Larry's Lawn Care incurs significant gasoline costs. This cost would be classified as a variable cost if the total gasoline cost:Franklin Company sells woman's skirts. The average sales price is $275...
-
The government plans to build a new subway and rail terminal, and is offering compensation to the land property owner where the terminal is to be developed. Regression 1 has the current market value...
-
Sabrina is a married, filing separately taxpayer. She expects her withholding and credits to be less than 90% of the tax shown on her 2022 California tax return. Therefore, Sabrina must make...
-
QUESTION 4 Harry forms a trust with income to Frank for life, remainder to Mark or Mark's estate. Harry grants Frank and Mark the joint power to act together to appoint the trust property to anyone...
-
Tim Urban, owner/ manager of urbans Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffys Maid Service. Tim rents an average of 50 rooms for each of 365...
-
Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2016 and 2015. 2016 2015 Sales $4,857,500 $4,752,900 Cost of goods sold 3,258,950 3,207,000...
-
Name several factors insurers consider when setting auto insurance rates. How might you hold down your auto insurance costs?
-
Peter is away at college and drives the family car only when he comes home on special occasions. How might Peter's family hold down the cost of their auto insurance?
-
Why is it wise to review your auto policy before you rent a car?
-
Describe the importance of the inclusion of children with special needs in a normal Classroom and how as future teachers you can accommodate and improve the performance of special need learners in...
-
1. From the "Eight Facts About Immigrants and Immigration" article, identify a fact that surprised you. Why were you surprised? Has your thinking changed since reading the article? If so, how? If...
-
Share the titles of and the places you found the five sources you will use in your essay, for example, "Title of Article" from Title of Journal . Explain why they're credible, how do they relate to...
Study smarter with the SolutionInn App