contestada

Madison's gross tax liability is $10,450. Madison had $4,520 of tax credits available and she had $9,300 of taxes withheld by her employer. What are Madison's taxes due (or taxes refunded) with her tax return?

Respuesta :

Answer:

Madison got refunded $3,280.

Explanation:

given data

gross tax liability = $10,450

tax credits = $4,520

taxes withheld = $9,300

solution

we get here tax due or tax refunded that is express as

tax due or tax refunded = gross tax liability - tax credits - tax withheld  ............................1  

put here value and we get

tax due or tax refunded = $10,450 - $4,520 - $9,300

tax due or tax refunded = -$3220

so Madison got refunded $3,280.