Question: ASSIGNMENT 6 2 Using the tax form , instructions and into attached , answer the following questions . 1 . Assume you are a single

ASSIGNMENT 6 2 Using the tax form , instructions and into attached , answer the following questions . 1 . Assume you are a single person with no dependents who made $35, 000. 00 from your primary job and an additional $5 , 500 . 00 from a part time position . You had a total of $7 , 700 dollars withheld in taxes ( from both jobs combined ) and will take the standard deduction. A. Will you get a refund or will you have to pay more tax ? ( 5 pts. ) I have to paid Total income from two jobs $40 , 500* 25% B. What is the amount of the refund / payment ? ( 5 pts . ) $10, 000 $ 7, 700 The amount I have to paid $2, 425. 00
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
