Question

Sandra calculated her taxable income as $39,250. She paid $6,000 in federal withholding tax.

If line 43 (taxable income) is And you are single
At least But less than Your tax is
39,200 39,250 5,931
39,250 39,300 5,944
39,300 39,350 5,956
39,350 39,400 5,969

Based on the table above, what is the amount Sandra will receive as a refund?
$69
$31
$44
$56

Answer 1

$56

Explanation:

The computation of the amount that sandra would received as a refund is as follows:

= Amount paid in federal withholding tax - minimum tax paid

= $6,000 - $5,944

= $56

The amount left after deducting the minimum tax paid from the amount paid is the refund amount

hence, the last option is correct