Question

1. john and linhs taxable income from line 39 of form 1040 is $79, 032. according to the tax tables, they owe $9, 265. johns job withheld $5, 328 from his paychecks, and linhs job withheld $7, 932 from her paychecks. how big is their refund?

$3, 995
$2, 995
$4, 500
$3, 795

Explanation:

Step1: Calculate total withheld amount

John's withheld: $5,328; Linh's withheld: $7,932. Total withheld = $5,328 + $7,932 = $13,260.

Step2: Calculate refund amount

Refund = Total withheld - Tax owed. Tax owed is $9,265. So refund = $13,260 - $9,265 = $3,995.

Answer:

$3,995