Question
This year Luke has calculated his gross tax liability at $1,940. Luke is entitled to a $2,610 nonrefundable personal tax credit, a $1,605 business tax
This year Luke has calculated his gross tax liability at $1,940. Luke is entitled to a $2,610 nonrefundable personal tax credit, a $1,605 business tax credit, and a $670 refundable personal tax credit. In addition, Luke has had $2,475 of income taxes withheld from his salary.
What is Luke's net tax due or refund?
Note: Input the amount as a positive value.
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad McEvoy
2nd Edition
9781621590118
