Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was:
A. $1,244.
B. $3,538.
C. $4,782.
D. $6,026.
sorry my friend posted the same question u can reply to either one
well he paid 4782 + 1244 = 6026
To determine Hamad's tax liability for the year, we need to calculate the difference between his tax liability and the amount he already paid through income tax withholding.
His tax liability is the amount he owes the IRS based on his Form 1040EZ tax return. Based on the information given, Hamad's tax liability is $1,244.
His income tax withholding is the amount of taxes that were automatically deducted from his paychecks throughout the year by his employer, Mountain Company. He had income tax withholding of $4,782.
To calculate his tax liability for the year, we subtract the amount of income tax withholding from his tax liability:
Tax liability - Income tax withholding = Tax liability for the year
$1,244 - $4,782 = -$3,538
Since the result is negative, it means that Hamad's income tax withholding exceeded his tax liability for the year. Therefore, his tax liability for the year is $0.
So the correct answer is:
B. $3,538