Question

Noah's taxable income as $27,156. He is filling as married filing jointly, and he has already paid $3260 in federal taxes. What will he receive or pay after he figures his taxes for the year?

Answer 1

He will receive a refund of $54.

Explanation:

3260 - 3206 = 54

( already paid - has to pay = he will get back )

his earnings put him at 27,150 - 27,200, and filing as married filing jointly means he has to pay 3,206.

Answer 2

Total amount that Noah will receive is given by:
amount=income-taxes
Noah's income=$27,156
taxable income= $3260
The amount he will receive after having paid the tax will be:
Amount=27,156-3260
=$23,896