Darren's taxable income is $27,481. He is filling as head of household, and he has already paid $3847 in federal taxes. What will he receive or pay after figures his taxes for the year?

Question

Mathematics

Marlene

27 January, 01:28

Darren's taxable income is $27,481. He is filling as head of household, and he has already paid $3847 in federal taxes. What will he receive or pay after figures his taxes for the year?

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Ramon Palmer · Answer 1

If Darren's taxable income is $27,481 and he is the head of household, he will be exempted from tax deductions. If he has already paid $3,847 in federal taxes, he will receive an equivalent amount in return if his tax deduction exceeds his collectible tax. Therefore, his money at the end of the year will total to $31,328.