Dennis is the first to admit he is paid more than he deserves for the level of
Question:
Dennis is the first to admit he is paid more than he deserves for the level of work he performs. Therefore, he knowingly over withholds on both his federal and California state taxes. Every year Dennis receives a large refund which he instructs his tax preparer to contribute to various funds listed on his Form 540. This year Dennis received a refund of $14,750 which he wants allocated: 30% to the Alzheimer’s Disease Fund; 10% to the CaliforniaPeace Officer Memorial Foundation Fund; 40% to the California YMCA Fund and the balance to the Emergency Food for Families Fund.
1.What is the total dollar amount contributed to the Emergency Food for Families Fund?
a.$1,475
b.$2,950
c.$4,425
d.$5,900
South Western Federal Taxation 2015
ISBN: 9781305310810
38th edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young