To determine whether Ming owes additional taxes or will receive a tax refund, we need to calculate her tax liability and compare it to the total withholdings.
Let's assume Ming's taxable income of $17,548 falls into the tax bracket for a single filer for the year in question. Keep in mind that tax laws can change, so the specific tax brackets and rates may vary.
For simplicity, let's assume a hypothetical tax rate of 20%. This is just an example, and the actual tax rate Ming owes depends on the specific tax laws for the year in question.
Taxable Income: $17,548
Hypothetical Tax Rate: 20%
Tax Liability = Taxable Income × Tax Rate
Tax Liability = $17,548 × 0.20
Tax Liability = $3,509.60
Now, let's calculate the difference between Ming's total withholdings and her tax liability:
Tax Refund or Amount Owed = Total Withholdings - Tax Liability
Tax Refund or Amount Owed = $2,665 - $3,509.60
Tax Refund or Amount Owed = -$844.60
Ming's tax calculation results in a negative amount, indicating that she is owed a tax refund of $844.60.
So, Ming will receive a tax refund of $844.60.