Hamad is an employee of Mountain Company.He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,374 at the time of filing.He had income tax withholding during the year of $4,429.His tax liability for the year was:
A)$5,803.
B)$4,429.
C)$3,055.
D)$1,374.

Question

Quizplus · Accepted Answer

Hamad's tax liability is the total amount of tax he owes for the year. Since he had $4,429 withheld and still owed $1,374 at filing, his total tax liability is $4,429 + $1,374 = $5,803.

Hamad Is an Employee of Mountain Company