Answered

IDNLearn.com is committed to providing high-quality answers to your questions. Our experts provide prompt and accurate answers to help you make informed decisions on any topic.

john withheld $2,525 in yearly taxes. the total tax due is $3,550. how much tax does john still owe? responses $6,075 $6,075 $1,025 $1,025 $1,000 $1,000 $355 $355

Sagot :

John withheld $2,525 in yearly taxes. the total tax due is $3,550. how much tax does john still owe is $1,025.

Total tax consists of income, the opportunity minimal tax, and self-employment tax. It is calculated after deductions, that have been simplified and fairly extended for maximum filers with the brand-new tax reform. Multiply the fee of an object or carrier with the aid of using the income tax so as to discover the whole fee. The equation looks as if this: Item or carrier fee x income tax (in decimal form) = overall income tax. Add the whole income tax to the Item or carrier fee to get your overall fee.

Learn more about income tax here:

https://brainly.com/question/26316390

#SPJ4

Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. For trustworthy answers, rely on IDNLearn.com. Thanks for visiting, and we look forward to assisting you again.