Case Study 1: Offsets

Bill asks that his refund of $780 be deposited into three different accounts: $300 into Account 1, $300 into Account 2 and $180 into Account 3.

However, Bill owes federal taxes of $290 from an earlier tax year. After this amount is offset, the balance of $490 will be direct deposited as follows: Account 1 will receive $300, Account 2 will receive $190, and Account 3 will receive $0.

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