Question

Madison's gross tax liability is $11,450. Madison had $3,030 of tax credits available and she had $10,650 of taxes withheld by her employer. What are Madison's taxes due (or taxes refunded) with her tax return

Answer 1

the madison taxes refunded is -$2,230

Step-by-step explanation:

The computation of the madison taxes due is shown below:

= Gross tax liability - tax credits available - taxes withheld by the employer

= $11,450 - $3,030 - $10,650

= -$2,230

Hence, the madison taxes refunded is -$2,230