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50. Is the following scenario correct about credits that affect tax liability? A taxpayer filing Head of Household has $1050 tax liability. They have $150

image text in transcribed 50. Is the following scenario correct about credits that affect tax liability? A taxpayer filing Head of Household has $1050 tax liability. They have $150 foreign tax paid credit, and a $1000 Lifetime Learning credit. The taxpayer will receive a $100 refund. Is the following scenario correct about credits that affect tax liability? A Single taxpayer has a tax liability of $900 and has two other dependents. They are allowed a $1000 credit for other dependents. This taxpayer will receive a refund of $0. Is the following scenario correct about credits that affect tax liability? A Married Filing Jointly couple has a tax liability of $17,000. They have $14,000 foreign tax credit, $600 credit for child and dependent care, and $1000 Education credit. They will have a tax liability of $1,400. Is the following scenario correct about credits that affect tax liability? A Head of Household taxpayer has $900 tax liability. The taxpayer has two qualifying dependents and is allowed a $4,000 child tax credit. This taxpayer will be allowed a $3,100 refund

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