Post a New Question

taxes please help

posted by .

martha has a tax liability of $6,420 and owes additionaltaxes of $235 she is entitled to one tax credit of $374 and another credit of $563. if her employer withholds $260 every two weeks from her pay

will she receive a refund of $340 or $1042 or will she owe $340 or $1042

  • taxes please help -

    Don't you need to know the number of weeks before the end of the year; that is, how many pay periods will Martha have between now (whenever now is) and the end of the year.

  • taxes please help -

    I get a refund of -1042. Over the course of a year, she will have 26 pay periods, so, she will withhold 260*26 = 6760. Her final final liability is 6240+235-374-563 = 5718. So she is due a refund of 6760-5718 = 1042

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    can not get the solution for this problem...amortization what amortization would be required every 6 months at 14% interest, to pay off a 35,000 loan within 4 yrs?
  2. MicroEconomics

    You are a typical person in the US economy. You pay 4 percent of your income in a state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employees share combined) You also pay federal income …
  3. government(taxes)

    I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security …
  4. math

    have a tx liability of 6420 and owe additional amounting to 235. I am entitled to one tax credit of 374 and another credit 563. If my employer with holds 260 every 2 weeks from my pay. How do I figure this out if I would receive a …
  5. Macroeconomics - Investment Tax Credit

    Assume that some large foreign countries decide to subsidize investment by instituting an investment tax credit. Then the home country's real exchange rate will fall and its net exports will rise. I completely don't understand the …
  6. ECONOMICS

    Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee shares combined). You also pay federal …
  7. tax

    In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit?
  8. fundamentals of accounting 1

    journalizing payroll transactions, for Keller Systems;Inc, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. paid cash …
  9. accounting 1

    help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; …
  10. accounting 1

    help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; …

More Similar Questions

Post a New Question