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irina [24]
2 years ago
9

As a married couple, Yihong and Kaylee’s EIP was $2,800. In 2021, they computed their recovery rebate credit as $4,200 due to th

e birth of a child in 2021. The 2021 net impact of the EIP and RRC will be to:
Business
1 answer:
saw5 [17]2 years ago
8 0

The 2021 net impact of the EIP and RRC will be to C. decrease the tax liability by $500.

<h3>What's a tax?</h3>

It should be noted that a tax simply means the levy that's imposed on the individuals or forms by the government.

Here, Yihong and Kaylee’s EIP was $2,800. In 2021, they computed their recovery rebate credit as $4,200 due to the birth of a child in 2021.

Therefore, the 2021 net impact of the EIP and RRC will be to decrease the tax liability by $500.

Learn more about tax in:

brainly.com/question/25783927

#SPJ1

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Incomplete question. Helpful details provided below.

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24. On January 15, 2015, the accounts receivable balance was $7,000 and the balance in the allowance for doubtful accounts was $
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