James had $15,345.21 withheld from his income one year. He

Mathematics

1 answer:

puteri [66]3 years ago

5 0

Answer:

$2,373.23

Step-by-step explanation:

-Tax refund is determined by comparing your total income tax to the amount that was withheld for federal income tax.

-Assuming that the amount withheld for federal income tax was greater than your income tax for the year, you will receive a refund for the difference.

#Refund =Withheld -Actual Tax liability=$15345.21-$12971.98=$2,373.23

Hence James' tax refund will be $2,373.23

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