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bob111
Feb 5, 2006, 10:08 AM
Thanks for you reply.

This is in continuation of my previous question.
My federal witholding from my first employer is 1463.18 , wages shown in box 1 is 13,650
And from my second employer is 958(federal witholding)
And my wages in box 1 is 7,500

I would like to know how much returns I can expect.


Thanks.

AtlantaTaxExpert
Feb 5, 2006, 07:35 PM
Your refund will be about $840.

bob111
Feb 5, 2006, 08:07 PM
Thanks for your reply. I appreciate your help. Could you please tell me how did you get down to this calculation on my taxes.

AtlantaTaxExpert
Feb 5, 2006, 08:45 PM
Total wages ($21,150) minus standard deduction ($5,000) minus personal exemption ($3,200) equals $12,950.

Tax for $12,950 is $1,581. Your total withholding is $2,421. Difference is the refund of $840.