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Thomas A. Wirsing is a 25-year-old unmarried taxpayer. During the year, he earned $38,000 as a salesperson and received $360 in taxable interest. Thomas claims
Thomas A. Wirsing is a 25-year-old unmarried taxpayer. During the year, he earned $38,000 as a salesperson and received $360 in taxable interest. Thomas claims the standard deduction. His employer withheld the following taxes from his wages:
Federal income tax $3,574
State income tax 950
Social security tax 2,356
Medicare tax 551
Determine Thomas refund or tax owed for the year.
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