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?
Between 65,900 and 65,950 dollars, for filing jointly, the tax is 9,169 dollars.
a.
Harry and Helen will owe an additional $193.
b.
Harry and Helen will owe an additional $3,104.
c.
Harry and Helen will receive a refund of $724.
d.
Harry and Helen will receive a refund of $555.

Respuesta :

#Harry and Helen will receive a refund of $555.

What is weekly tax deduction?

Weekly tax deduction is the amount of taxes that is deducted in favor of the relevant tax authority from the weekly wages of the workers, from Harry and Helen's weekly earnings in this case.

Note that there 52 weeks in a year, in other words, the $187 weekly tax deduction must have been deducted 52 times in a year, hence, we can compute total deductions as weekly deduction multiplied by 52

Total deductions=$187*52

Total deductions=$9724

The fact that the amount of actual taxes of $9,169 is less than the total amount deducted thus far, implies that the couple would get a refund as shown below:

refund=total deductions-actual taxes

actual taxes=$9,169

refund=$9724-$9,169

refund=$555

Find out more about tax deduction on:https://brainly.com/question/17395659

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Answer:

It's D

Step-by-step explanation: