Question

David’s taxable income is $36,480. He is filing as married filing jointly, and he has already paid $4047 in federal taxes.

What will he receive or pay after he figures his taxes for the year?

Use the tax table sample to answer a question.

Responses

He will receive a refund of $554.

He will receive a refund of $1102.

He will pay $554.

He will pay $1102.


.

Answer 1

(c) He will pay $554

Explanation:

You want to know whether David will receive a refund or pay additional tax on his taxable income of $36,480 when he files as "married filing jointly" after he as paid $4047.

Tax table

David's tax is found on the line of the table that begins 36,450 36,500. In the column titled "Married filing jointly" the tax listed on that line is 4,601.

The amount due is found from ...

amount paid + amount due = tax

4047 + amount due = 4601

amount due = 4601 -4047 = 554

He will pay $554, choice C.

<95141404393>