A person who owes total federal income taxes of $4,420 but had total withholdings of $3,980 would: Multiple Choice make a payment of $440. receive a refund of $4.420. make a payment of $4,420. receive a refund of $440. receive a refund of $3,980.

A person who owes total federal income taxes of $4,420 but had total withholdings of $3,980 would: Multiple Choice make a payment of $440. receive a refund of $4.420. make a payment of $4,420. receive a refund of $440. receive a refund of $3,980.

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter12: Alternative Minimum Tax

Section: Chapter Questions

Problem 30P

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Question

A person who owes total federal income taxes of $4,420 but had total withholdings of $3,980 would:
Multiple Choice
make a payment of $440.
receive a refund of $4.420.
make a payment of $4,420.
receive a refund of $440.
receive a refund of $3.980.

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