Question

noahs taxable income is $27,156. he is filing as married filing jointly, and he has already paid $3260 in federal taxes.
what will he receive or pay after he figures his taxes for the year?
if line 43 (taxable income) is— and you are—
at least but less than single married filing jointly married filing separately head of a household
your tax is—
27,000
27,000 27,050 3,619 3,184 3,619 3,434
27,050 27,100 3,626 3,191 3,626 3,441
27,100 27,150 3,634 3,199 3,634 3,449
27,150 27,200 3,641 3,206 3,641 3,456
27,200 27,250 3,649 3,214 3,649 3,464
27,250 27,300 3,656 3,221 3,656 3,471
27,300 27,350 3,664 3,229 3,664 3,479
27,350 27,400 3,671 3,236 3,671 3,486
27,400 27,450 3,679 3,244 3,679 3,494
27,450 27,500 3,686 3,251 3,686 3,501
27,500 27,550 3,694 3,259 3,694 3,509

Explanation:

Step1: Find the tax for married filing jointly

Noah's taxable income is $27,156, and he is filing as married filing jointly. Looking at the table, for income at least 27,150 but less than 27,200 (since 27,156 is in this range), the tax for married filing jointly is $3,206.

Step2: Calculate the difference between paid tax and owed tax

He has already paid $3,260. The amount he will receive (refund) or pay is the difference between the tax paid and the tax owed. So we calculate $3,260 - $3,206.
$3260 - 3206 = 54$

Answer:

He will receive a refund of $54.