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Madison's gross tax liability is $10,450. Madison had $4,520 of tax credits available and she had $9,300 of taxes withheld by her employer. What is Madison's taxes due (or taxes refunded) with her tax
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Madison's gross tax liability is $10,450. Madison had $4,520 of tax credits available and she had $9,300 of taxes withheld by her employer. What is Madison's taxes due (or taxes refunded) with her tax return?

User Nobuyuki
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1 Answer

4 votes

Answer:

Madison got refunded $3,280.

Step-by-step explanation:

tax due (or tax refunded ) = gross tax liability - tax credits - tax withheld

= $10,450 - $4,520 - $9,300

= -$3,280

Therefore, Madison got refunded $3,280.

User Shaveenk
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4.8k points
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