David and Lilly Fernandez have determined their tax liability on their joint tax return to be $3,100. They have made prepayments of $2,065 and also have a child tax credit of $2,000. What is the amount of their tax refund or taxes due? Description Total tax Amount
David and Lilly Fernandez have determined their tax liability on their joint tax return to be $3,100. They have made prepayments of $2,065 and also have a child tax credit of $2,000. What is the amount of their tax refund or taxes due? Description Total tax Amount
Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 66P
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David and Lilly Fernandez have determined their tax liability on their joint tax return to be $3,100. They have made prepayments of
$2,065 and also have a child tax credit of $2,000.
What is the amount of their tax refund or taxes due?
Description
Total tax
Amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fbe3a50-6b69-4099-af82-a040f17e732a%2F2da05732-33f1-47cc-a2a5-5eb592c3dec0%2Ff3wolte_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2
David and Lilly Fernandez have determined their tax liability on their joint tax return to be $3,100. They have made prepayments of
$2,065 and also have a child tax credit of $2,000.
What is the amount of their tax refund or taxes due?
Description
Total tax
Amount
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