Question
8. David and Lilly Fernandez have determined their tax liability on their joint tax return to be $2,100. They have made prepayments of $1,900, they
8. David and Lilly Fernandez have determined their tax liability on their joint tax return to be $2,100. They have made prepayments of $1,900, they receive a child tax credit of $500, and a recovery rebate credit of $2,900 (they did not receive this in advance). What is the amount of their tax refund or taxes due?
What is the amount of their tax refund or taxes due?
Description | Amount | |
1 | Total Tax | 2100 |
2 | Child Tax Credit | 200 |
3 | Prepayments | 1900 |
3 | Recovery Rebate Credit | |
Tax Refund |
Need help finding Recovery Rebate Credit and Tax Refund.
10. David and Lilly Fernandez have determined their tax liability on their joint tax return to be $1,705. They have made prepayments of $1,965 they receive a child tax credit of $2,000, and a recovery rebate credit of $2,900 (they did not receive this in advance).
What is the amount of their tax refund or taxes due?
Description | Amount | |
1 | Total Tax | 1705 |
2 | Child Tax Credit | |
3 | Prepayments | |
3 | Recovery Rebate Credit | |
Tax Refund |
Need help filling in the rest of the table. Please explain all calculations for both questions.
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