David and Lilly Fernandez have determined their tax liability on their joint tax return to...

60.1K

Verified Solution

Question

Accounting

David and Lilly Fernandez have determined their tax liability on their joint tax return to be $2,000. They have made prepayments of $775 and also have a child tax credit of $2,000. What is the amount of their tax refund or taxes due?

There are three dues needed to be paid. Such as maybe child tax, total tax and prepayments.

2015 is the table used if any.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students