A Person with a Total Tax Liability of $4,350 and Withholding

question 16

Multiple Choice

A person with a total tax liability of $4,350 and withholding of federal taxes of $3,975 would:

• A)receive a refund of $3,975.
• B)owe $4,350.
• C)owe $375.
• D)receive a refund of $4,350.
• E)receive a refund of $375.

---

Definitions:

Trust

A legal arrangement in which a grantor allows a trustee to manage assets on behalf of a beneficiary.

Supreme Court of Canada

The Supreme Court of Canada is the highest court in Canada and serves as the final court of appeal in the Canadian justice system.

Authoritative Precedent

A judicial decision that is binding on lower courts within the same jurisdiction, guiding future cases with similar issues.

Manitoba Court

The judicial system or a specific court within the province of Manitoba, Canada, handling legal matters within its jurisdiction.