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A TP has a gross tax liability of $8,000, had $1,000 of tax credits available and she had $7,000 of taxes withheld by her employer.
A TP has a gross tax liability of $8,000, had $1,000 of tax credits available and she had $7,000 of taxes withheld by her employer. What is the TP's taxes due (or taxes refunded) with her tax return?
A. | $0 taxes due and $0 tax refund. | |
B. | $6,000 taxes due. | |
C. | $1,000 taxes due. | |
D. | $2,000 tax refund. |
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