Homework Help: personal finance

Posted by vedrana on Thursday, August 5, 2010 at 8:38pm.

A person with a total tax liability of $4,350 and withholding of federal

taxes of $3,975 would:

a)owe $4,350.

b)owe $375.

c)receive a refund of $4,350.

d)receive a refund of $375.
HE OWES $375,BUT I'M NOT SURE?THANK YOU:)))))

personal finance - Ms. Sue, Thursday, August 5, 2010 at 8:48pm
His total taxes are $4,350.

But, he's already paid $3,975 that was withheld from his pay check.

4350 - 3975 = 375

He owes $375.

So -- you're right! :-)
personal finance - vedrana, Thursday, August 5, 2010 at 8:51pm
:-))))))))

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