2. william bases employer withheld $13,956.95 in federal income tax. after completing his return, william…

2. william bases employer withheld $13,956.95 in federal income tax. after completing his return, william determined that his tax responsibility is $11,874.82. will william get a refund or does he owe the government money?

2. william bases employer withheld $13,956.95 in federal income tax. after completing his return, william determined that his tax responsibility is $11,874.82. will william get a refund or does he owe the government money?

Answer

Explanation:

Step1: Compare withheld and owed amounts

We need to compare the amount withheld ($13,956.95) and the tax - responsibility amount ($11,874.82). Let $A = 13956.95$ (amount withheld) and $B = 11874.82$ (tax responsibility).

Step2: Determine refund or amount owed

If $A>B$, William gets a refund. The refund amount is $A - B$. If $A<B$, William owes money. Since $13956.95>11874.82$, the refund amount is $13956.95−11874.82$. $13956.95−11874.82 = 2082.13$

Answer:

William will get a refund of $2082.13$.