a. Find the amount of federat income tax he must pay. 510,03530
b. If Marcus paid in each of his 12 paychecis for the year, does he still owe money ar does he receive
a refund?
Ono relund and no further payment needed
recelves a refund
still owes money
c. Find the amount he still owes or the amount of refund.

Question

a. Find the amount of federat income tax he must pay. 510,03530
b. If Marcus paid

in each of his 12 paychecis for the year, does he still owe money ar does he receive
a refund?
Ono relund and no further payment needed
recelves a refund
still owes money
c. Find the amount he still owes or the amount of refund.

UpStudy AI · Accepted Answer

**Step 1. Calculate the Total Tax Liability**

We are given that Marcus’s federal income tax liability is  
$$
\$5,\!100.35.
$$

**Step 2. Calculate the Total Amount Withheld**

Marcus paid $$\$325$$ in each of his 12 paychecks. Thus, the total amount withheld is  
$$
12 \times 325 = \$3,\!900.
$$

**Step 3. Compare the Tax Liability with the Amount Withheld**

Since his tax liability is $$\$5,\!100.35$$ but he only paid $$\$3,\!900$$ through withholding, the tax that remains unpaid is given by  
$$
\$5,\!100.35 - \$3,\!900 = \$1,\!200.35.
$$

**Step 4. Answer the Questions**

a. Marcus’s federal income tax liability is $$\$5,\!100.35$$.

b. Since the amount withheld ($$\$3,\!900$$) is less than the tax liability ($$\$5,\!100.35$$), Marcus still owes money rather than receiving a refund.

c. The additional tax Marcus owes is $$\$1,\!200.35$$.
a. Marcus must pay \$5,100.35 in federal income tax. b. Marcus still owes money. c. Marcus owes an additional \$1,200.35.

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