Ask Question
13 April, 07:42

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 is Madison's taxes due (or taxes refunded) with her tax return?

+4
Answers (1)
  1. 13 April, 08:32
    0
    Madison got refunded $3,280.

    Explanation:

    tax due (or tax refunded) = gross tax liability - tax credits - tax withheld

    = $10,450 - $4,520 - $9,300

    = - $3,280

    Therefore, Madison got refunded $3,280.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers