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.
coordinate guys
im sorry its hard and i don't know how to calculate stuff please help me for this time i swear i'll do it on my own next
Look at the next two questions down by Samantha
is it my fault tat we both in same college and stuck with this huge book with NO freaking info
Sorry about that :)
Wait a sec I will find easy software for you
thank you so much i really appreciate it
ok, here is a link to the tax tables
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
To determine Hamad's tax liability for the year, we need to subtract his income tax withholding from the amount he was required to pay the IRS at the time of filing.
The income tax withholding during the year was $4,782, and he was required to pay $1,244 at the time of filing.
Therefore, his tax liability for the year is:
$4,782 - $1,244 = $3,538.
So the correct answer is B. $3,538.