Question

lizavetas taxable income is $26,360. she paid $2,760 in federal withholding. if line 43 (taxable income is - and you are single at least but less than your tax is - 26,200 26,250 3,509 26,250 26,300 3,516 26,300 26,350 3,524 26,350 26,400 3,531 find the tax due on lizavetas income. then tell whether she will have to pay an additional amount or will get a refund. use the tax table above. the tax due for her income level is $3531, so she will have to pay an additional amount of $771.

Explanation:

Step1: Locate income range

Lizaveta's taxable income of $26,360 is in the range of $26,350 - $26,400. So the tax due is $3,531.

Step2: Calculate difference

To find out if she pays more or less, subtract the federal - withholding from the tax due. $3531−2760 = 771$. Since the result is positive, she has to pay an additional amount.

Answer:

The tax due for her income level is $3531, so she will have to pay an additional amount of $771.