Question
This year Luke has calculated his gross tax liability at $1,840. Luke is entitled to a $2,460 nonrefundable personal tax credit, a $1,530 business tax
This year Luke has calculated his gross tax liability at $1,840. Luke is entitled to a $2,460 nonrefundable personal tax credit, a $1,530 business tax credit, and a $620 refundable personal tax credit. In addition, Luke has had $2,350 of income taxes withheld from his salary.(Input the amount as apositive value.)
What is Luke's net tax due or refund?
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
