harry and helen are married, filing jointly. their combined taxable income is $65,922. every week, a total…

harry and helen are married, filing jointly. their combined taxable income is $65,922. every week, a total of $187 is withheld from their pay. based on the table below, what can harry and helen expect when their taxes are due? if line 43 (taxable income) is— and you are— at least but less than single married filing jointly married filing sepa - rately head of a house - hold your tax is— 65,000 65,000 65,050 12,600 8,951 12,600 11,319 65,050 65,100 12,613 8,959 12,613 11,331 65,100 65,150 12,625 8,969 12,625 11,344 65,150 65,200 12,638 8,981 12,638 11,356 65,200 65,250 12,650 8,994 12,650 11,369 65,250 65,300 12,663 9,006 12,663 11,381 65,300 65,350 12,675 9,019 12,675 11,394 65,350 65,400 12,688 9,031 12,688 11,406 65,400 65,450 12,700 9,044 12,700 11,419 65,450 65,500 12,713 9,056 12,713 11,431 65,500 65,550 12,725 9,069 12,725 11,444

harry and helen are married, filing jointly. their combined taxable income is $65,922. every week, a total of $187 is withheld from their pay. based on the table below, what can harry and helen expect when their taxes are due? if line 43 (taxable income) is— and you are— at least but less than single married filing jointly married filing sepa - rately head of a house - hold your tax is— 65,000 65,000 65,050 12,600 8,951 12,600 11,319 65,050 65,100 12,613 8,959 12,613 11,331 65,100 65,150 12,625 8,969 12,625 11,344 65,150 65,200 12,638 8,981 12,638 11,356 65,200 65,250 12,650 8,994 12,650 11,369 65,250 65,300 12,663 9,006 12,663 11,381 65,300 65,350 12,675 9,019 12,675 11,394 65,350 65,400 12,688 9,031 12,688 11,406 65,400 65,450 12,700 9,044 12,700 11,419 65,450 65,500 12,713 9,056 12,713 11,431 65,500 65,550 12,725 9,069 12,725 11,444

Answer

Explanation:

Step1: Determine their tax from the table

Since Harry and Helen are married filing jointly with a taxable income of $65,922, looking at the table, their tax is $9,069.

Step2: Calculate the total amount withheld

There are 52 weeks in a year. The total amount withheld per year is $187\times52 = 9724$.

Step3: Find the refund or amount owed

The amount withheld ($9724$) is greater than the tax owed ($9069$). The refund amount is $9724 - 9069=655$.

Answer:

They can expect a refund of $655$.