Hamad Is an Employee of Mountain Company

question 30

Multiple Choice

Hamad is an employee of Mountain Company.He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,374 at the time of filing.He had income tax withholding during the year of $4,429.His tax liability for the year was:

• A)$5,803.
• B)$4,429.
• C)$3,055.
• D)$1,374.

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Definitions:

Pale Ales

A variety of beer that is brewed with predominantly pale malt, resulting in a lighter color and a distinct hop flavor.

Citrus Fruit

A category of fruits that includes oranges, lemons, limes, and grapefruits, known for their vibrant flavors and high vitamin C content.

Retailer Cooperative

A group of independent retailers that band together to set up a jointly owned, central wholesale operation that also conducts joint merchandising and promotion.

Consumer Cooperative

A cooperative business owned by its customers for their mutual benefit, where profits are returned to the members according to their use of the cooperative, not according to the capital invested.