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Shania earns $38996\$38996 per annum as a cocktail attendant and $7560\$7560 as a part-time singer. She has tax deductions of $3561\$3561 and, throughout the year, pays a total of $6963.30\$6963.30 in tax installments. Will she get a tax refund or have more tax payable at the end of the year?

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Q. Shania earns $38996\$38996 per annum as a cocktail attendant and $7560\$7560 as a part-time singer. She has tax deductions of $3561\$3561 and, throughout the year, pays a total of $6963.30\$6963.30 in tax installments. Will she get a tax refund or have more tax payable at the end of the year?
  1. Calculate Total Income: Calculate Shania's total annual income.\newlineShania earns $38996\$38996 per annum as a cocktail attendant and $7560\$7560 as a part-time singer. To find her total annual income, we add these two amounts together.\newlineTotal annual income = $38996+$7560\$38996 + \$7560\newlineTotal annual income = $46556\$46556
  2. Calculate Total Tax: Calculate the total tax Shania should pay before deductions.\newlineShania has tax deductions of $3561\$3561. To find out the tax she should pay before deductions, we subtract the tax deductions from the total tax installments she has paid throughout the year.\newlineTax before deductions = Total tax installments - Tax deductions\newlineTax before deductions = $6963.30\$6963.30 - $3561\$3561\newlineTax before deductions = $3402.30\$3402.30
  3. Determine Tax Refund: Determine if Shania will get a tax refund or owe more tax. If the tax before deductions (calculated in Step 22) is less than the total tax installments she has paid, then she will get a refund. If it is more, she will owe more tax. Since the tax before deductions (3402.30)islessthanthetotaltaxinstallmentspaid(3402.30) is less than the total tax installments paid (69636963.3030), Shania will get a tax refund.

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