1. A person had $2,345 withheld for federal income taxes, and had a tax liability of $2,410. Would this be a refund or an additional amount due for what amount?
2. Based on the following information, what is the amount of taxable income?
|
Gross salary, |
$57,400 |
Interest earnings, |
$320 |
|
Dividend income, |
$160 |
One personal exemption, |
$3,650 |
|
Itemized deductions, |
$8,730 |
|
|