4838 in wages
123.98 in state income tax
225 in fedral tax withheld
57.03 in medicare tax withheld
300. College books
3364.50 in tution
Approximatly how much am I going to get back?
2007-01-23 09:01:05 · 4 answers · asked by flying_babyb 2 in Business & Finance ➔ Taxes ➔ United States
$4838 is less than the standard deduction for Federal income taxes. Therefore you should get the full $225 as a refund. State taxes vary by state, but it is likely you will receive most if not all of the $123.98 back as well.
2007-01-23 11:08:18 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
Assuming that you don't have any kids, you will get the $225 back in Federal.
You will probably get back the $124 in state but I can't say without knowing what state you are in.
You don't get back Social Security or Medicare and because your income is so low, the tuition won't help you.
2007-01-23 09:07:40 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋
or check the tax tables @ http://www.irs.gov/
You won't get any of the medicare $$ back and unless you paid your own tuition, that won't matter either.
2007-01-23 09:06:12 · answer #3 · answered by Baked n Blended 5 · 0⤊ 0⤋
You could do them for free on TaxACT and find out!
2007-01-23 09:03:57 · answer #4 · answered by omgmytoof 1 · 0⤊ 0⤋