Alice is an employee of Valley Company.She properly completed her Form 1040EZ tax return and received a refund from the IRS of $1,293.Alice had income tax withholding during the year of $4,881.Her tax liability for the year was:

A) $6,174.
B) $4,881.
C) $3,588.
D) $1,293.

Question

Robert Rodriguez · Accepted Answer

Final Answer : C, Explanation :  Alice's tax liability for the year can be calculated by subtracting her refund from the total tax withholding amount:Tax liability = Withholding - RefundTax liability = $4,881 - $1,293Tax liability = $3,588Therefore, the answer is choice C.

Alice is an employee of Valley Company.She properly completed her Form 1040EZ tax return and received a refund from the IRS of $1,293.Alice had income tax withholding during the year of $4,881.Her tax liability for the year was:

A) $6,174.
B) $4,881.
C) $3,588.
D) $1,293.

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Learning Objectives

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Alice is an employee of Valley Company.She properly completed her Form 1040EZ tax return and received a refund from the IRS of $1,293.Alice had income tax withholding during the year of $4,881.Her tax liability for the year was:A) $6,174.B) $4,881.C) $3,588.D) $1,293.

Definitions

Learning Objectives

Learning Objectives

Related questions

Alice is an employee of Valley Company.She properly completed her Form 1040EZ tax return and received a refund from the IRS of $1,293.Alice had income tax withholding during the year of $4,881.Her tax liability for the year was:

A) $6,174.
B) $4,881.
C) $3,588.
D) $1,293.