Clarissa's gross tax liabilin
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 30P: Lisa records nonrefundable Federal income tax credits of 65,000 for the year. Her regular income tax...
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![59) Clarissa's gross tax liability for 2023 is $1,300. She has a $1,500 nonrefundable personal tax
credit, a $750 business tax credit, and a $400 refundable personal tax credit. Her employer
withheld $1,000 from ber pay for taxes. What is her net tax due or refund for this year?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8938845c-bd2f-43b9-8f73-be3ca7244f7f%2F3e9aa830-b629-4668-b90d-56a1cf3b09d6%2F68f3pa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:59) Clarissa's gross tax liability for 2023 is $1,300. She has a $1,500 nonrefundable personal tax
credit, a $750 business tax credit, and a $400 refundable personal tax credit. Her employer
withheld $1,000 from ber pay for taxes. What is her net tax due or refund for this year?
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