If $4,030 was withheld during the year and taxes owed were $4,000, would the person owe...
If $4,030 was withheld during the year and taxes owed were $4,000, would the person owe an additional amount or receive a refund? What is the amount? (Input the amount as a positive value.)
Homework Answers
Tax to be Paid = $ 4000
Tax with held = $ 4030
As Tax held > Tax to be Paid, Excess with held Amount will be refunded.
Refund = WIth held amount - Tax Owed
= $ 4030 - $ 4000
=$ 30
Pls comment, if any further assistance is required.
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