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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?
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 (1) Total tax (2) Prepayments (3) Child tax credit (3) Recovery rebate credit Tax refund Amount $ 2,100 1,900 2000 900 $ 2,700Step by Step Solution
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