Elizabeth determined that her tax liability was $3,948. Her employer withheld $3,821 from her paychecks during the year. Elizabeth’s tax return would show:
Elizabeth's Total tax liability = $ 3,948
Her employer withheld $ 3,821 from her pay checks during the year it means the employer have deducted this amount and deposited to government on behalf of Elizabeth.
This will reduce his total tax liability in his return.
So Elizabeth's Return will Show as below,
Total Tax Liability = $ 3,948
Less: Advance Tax Paid = $ ,3,821
Net Tax payable = $ 127
Elizabeth determined that her tax liability was $3,948. Her employer withheld $3,821 from her paychecks during...
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