SOLUTION: Linda was filling out her state income tax return. Her taxable income for the past year was $37,405. according to the tax rate schedule her tax is $765 plus 7% of the amount over $

Question 609506: Linda was filling out her state income tax return. Her taxable income for the past year was $37,405. according to the tax rate schedule her tax is $765 plus 7% of the amount over $12,750. according to her W-2 form, she paid $2517.91 in state taxes. determine the amount linda owes or should be refunded.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
765+.07(37405-12750) tax due
2490.85 which is less than what she paid,
She overpaid
2517.91-2490.85=27.06 overpaid/refund due

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