Question
On April 3, 2017, Luis filed his 2016 income tax return, which showed a tax due of $75,000. On June 1, 2019, he filed an
On April 3, 2017, Luis filed his 2016 income tax return, which showed a tax due of $75,000. On June 1, 2019, he filed an amended return for 2016 that showed an additional tax of $10,000. Luis paid the additional amount. On May 18, 2020, Luis filed a claim for a 2016 refund of $25,000.
if Luis's claim for a refund is correct in amount, how much tax will he recover?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
