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Comprehensive Problem 4.59 (LO 4-1, LO 4-2, LO 4-3) (Algo) Tiffany is unmarried and has a 15-year-old qualifying chald. Tiffany has determined her tax liability
Comprehensive Problem 4.59 (LO 4-1, LO 4-2, LO 4-3) (Algo) Tiffany is unmarried and has a 15-year-old qualifying chald. Tiffany has determined her tax liability to be $3,735, and her employer has withheid $1,000 of federal taxes from her paycheck. Tiffany is allowed to claim a $2,000 child tax credit for her qualifying child (this assumes the additional child tax credit was not extended to 2022) What amount of taxes will Tiffany owe (or what amount will she receive as a refund) when she files her tax return
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