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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
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?
How do i figure out the "Recovery rebate credit?" Please explain.
I have already tried $2,900 and $2,400. They are both incorrect. I only have 3 tries left.
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? Amount $ 2,100 1,900 Description (1) Total tax (2) Prepayments (3) Child tax credit (3) Recovery rebate credit Tax refund 2000 0: 4,700Step by Step Solution
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