Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

he can take the $5,500 and the $12,950 for $18,450 in deductions he can…

Question

he can take the $5,500 and the $12,950 for $18,450 in deductions
he can take the $5,500 and the $7,000 for $12,500 in deductions

  1. maricela calculated that she owes $2,493 in federal taxes after all deductions and credits. her w-2 states that $2,670 was withheld in federal tax. this means that maricela...

has to pay $177 in taxes owed
will receive a refund of $177
will pay $177 less in taxes next year since she overpaid this year
should speak to her employer to get the $177 in extra taxes that they withheld

Explanation:

Step1: Compare owed and withheld taxes

Owed tax: $2,493; Withheld tax: $2,670.

Step2: Calculate the difference

Difference = Withheld - Owed = $2,670 - $2,493 = $177. Since withheld > owed, she gets a refund.

Answer:

Will receive a refund of $177