Question

Harry and helen are married, filing jointly. their combined taxable income is $65,922. every week, a total of $187 is withheld from their pay. based on the table below, what can harry and helen expect when their taxes are due? between 65,900 and 65,950 dollars, for filing jointly, the tax is 9,169 dollars. a. harry and helen will owe an additional $193. b. harry and helen will owe an additional $3,104. c. harry and helen will receive a refund of $724. d. harry and helen will receive a refund of $555. please select the best answer from the choices provided a b c d

Answer 1

What Harry and Helen will expect when their taxes are due is a refund of $555. That is option D.

Calculation of tax liability

Combined taxable income of the couple=

$65,922/week.

The amount withheld in a week = $187

The tax liability of married couple filing jointly=

$9,169.

The due tax= Total tax liability- total withheld amount.

Due tax = Total tax liability-( weekly withheld amount × number of weeks in a year)

Due tax = $9,169 - ($187× 52)

= $9,169- $9,724

= - $555

Therefore, what Harry and Helen will expect when their taxes are due is a refund of $555.

Learn more about tax liability here:

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Answer 2

Answer:

D

Step-by-step explanation: