Horace properly completed his Form 1040EZ tax return and received a refund from the IRS of $649.Horace had income tax withholding during the year of $2,985.His tax liability for the year was:

A) $649
B) $2,336
C) $2,985
D) $3,634

Question

Claudia Kraft · Accepted Answer

Final Answer : B, Explanation :  Horace's tax liability for the year can be calculated by subtracting his refund from his income tax withholding, which would be $2,985 - $649 = $2,336. Therefore, the correct answer is B.

Horace properly completed his Form 1040EZ tax return and received a refund from the IRS of $649.Horace had income tax withholding during the year of $2,985.His tax liability for the year was:

A) $649
B) $2,336
C) $2,985
D) $3,634

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Learning Objectives

Related questions

Horace properly completed his Form 1040EZ tax return and received a refund from the IRS of $649.Horace had income tax withholding during the year of $2,985.His tax liability for the year was:A) $649B) $2,336C) $2,985D) $3,634

Definitions

Learning Objectives

Learning Objectives

Related questions

Horace properly completed his Form 1040EZ tax return and received a refund from the IRS of $649.Horace had income tax withholding during the year of $2,985.His tax liability for the year was:

A) $649
B) $2,336
C) $2,985
D) $3,634