Let's carefully analyze Amy's tax situation to determine if she will receive a refund or need to pay additional tax:
1. Gross Income: [tex]$80,000.00
2. Standard Deduction: $[/tex]12,000.00
3. Taxable Income: [tex]$68,000.00
- This is calculated as \( \text{Gross Income} - \text{Standard Deduction} \).
- Thus, \( 80,000.00 - 12,000.00 = 68,000.00 \).
4. Total Income Tax Due: $[/tex]10,818.50
5. Amount Withheld by Employer: [tex]$10,800.00
Now, let's calculate the difference between the amount withheld and the total tax due:
- The difference is given by \( \text{Amount Withheld} - \text{Total Income Tax Due} \).
- Therefore, \( 10,800.00 - 10,818.50 = -18.50 \).
A negative difference means that Amy has not paid enough in withholding to cover her total tax due. This remaining amount is how much she still owes.
In conclusion:
- Amy still has to pay an additional $[/tex]18.50 to clear her tax dues.
The statement that correctly explains whether she will receive a refund is:
No, because Amy still must pay $18.50 to clear her tax dues.
