Question

Aliza had a tax liability of $6,218 last year. she was entitled to tax credits of $758 and withholding amounted to $540 per month. aliza owed other taxes of $626. calculate the amount of the refund or the amount of additional taxes due (as the case may be).

Answer 1

Problem: Find the amount of the refund or the amount of additional taxes due (as
the case may be)

Given facts: tax liability of $6,218 last year, tax credits of $758, withholding
amounted to $540, other taxes of $626

Mathematical operation: addition and subtraction

Solution: N = (6,218 + 540 (one month) + 626)-758
add all the tax liabilities and subtract it to the tax credit

Answer= $ 6, 626 tax liability / tax liability was higher than the tax refund
*if tax withheld is computed in a year
N = ([6,218+ 626] + [540x12] )-758
= (6844 + 6480) -758
= 13324 -758
= Answer $ 12566 tax liability / tax liability was higher than the tax refund