1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anygoal [31]
3 years ago
11

David and Lilly Fernandez have determined their tax liability on their joint tax return to be $1,700. They have made prepayments

of $1,500 and also have a child tax credit of $2,000, of which $1,400 is refundable.What is the amount of their tax refund or taxes due?
Business
1 answer:
Snowcat [4.5K]3 years ago
3 0

Answer:

-$1,800

Explanation:

Given that

Tax liability = $1,700

Prepayment made = $1,500

Child tax credit = $2,000

The computation of tax refund is given below:-

= Tax liability - (Prepayment made + Child tax credit)

= $1,700 - ($1,500 + $2,000)

= $1700 - $3500

= -$1,800

Therefore, from the above calculation simply we subtract tax liability from prepayment and child tax credit.

You might be interested in
FIRST ANSWER GETS BRAINLIEST!
klio [65]

Answer:

C

Explanation:

5 0
2 years ago
What is pure risk?<br> HELLPPP PLEASE
Colt1911 [192]

Answer:

Pure risk

Explanation:

To the best of knowledge, will it is a situation one finds him/herself in and doesn't know how to solve the issue but has only one possible outcome if it truly happens; which could be danger.

6 0
3 years ago
Read 2 more answers
Agent Pam receives an offer on one of her listings for less than the asking price. The home has been listed for several months;
Jobisdone [24]

Answer: Counteroffer

Explanation: As the primary duties of Pam lies towards her clients, all her efforts should be made to make the deal favorable for her client. Pam should make a counteroffer to the buyer to make the price high enough so at least she"ll be able to ask her client for any negotiation possible. Hence counter offering the client is the best possible way for her .

8 0
3 years ago
who was a sole practitioner, about representing him before a governmental board. Due to a conflict of interest arising from the
gladu [14]

Answer:

yes

Explanation:

Based on this scenario, it can be said that yes the attorney's actions are proper because the referral fee was reasonable. A standard referral fee percentage could be around 10% for a closed job, starting at around 2-5% for e-mail introductions and even up to 15-20% for referrals where the referrer deals alone with the client. As long as the referral fee is reasonable and the attorney is not taking advantage then his/her actions are proper and ethical.

3 0
3 years ago
According to the Mundell–Fleming model, in an economy with flexible exchange rates, expansionary fiscal policy causes net export
maxonik [38]

Answer: Decrease and Increase

Explanation:

According to the Mundell–Fleming model, in an economy with flexible exchange rates, expansionary fiscal policy will cause the net exports to decrease. Expansionary fiscal policy shifts the IS curve rightwards, as a result BOP surplus created in the economy. So, exchange rate decreases to shift the BOP back to its initial position. As a result of lower exchange rate, exports falls. Hence, net exports decreases.

Expansionary Monetary policy will cause the net exports to increases. Expansionary Monetary policy shifts the LM curve rightwards, as a result BOP deficit created in the economy. So, exchange rate increases to shift the BOP back to its initial position. As a result of higher exchange rate, exports increases. Hence, net exports increases.

5 0
3 years ago
Other questions:
  • Oct. 1 Stockholders invest $30,740 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an an
    11·1 answer
  • Classical economics played an important role in helping the United States establish _________.
    6·1 answer
  • Question 9 you are doing some comparison shopping. five stores offer the product you want at basically the same price but with d
    14·1 answer
  • José is the manager of Sandy's Candy, a popular confectioner in Illinois. He is in charge of outlining future organizational goa
    9·1 answer
  • An investment strategy has an expected return of 21 percent and a standard deviation of 15 percent. Assume investment returns ar
    11·1 answer
  • Latiker, Inc., manufactures and sells two products: Product Y9 and Product W0. Data concerning the expected production of each p
    7·1 answer
  • Eonomic profits result whenever only a few large competitors are active in a given market. discuss this statement
    14·1 answer
  • The following statements regard product differentiation in monopolistic competition. Label the following statements as being eit
    13·1 answer
  • Mauro Products distributes a single product, a woven basket whose selling price is $28 per unit and whose variable expense is $2
    7·1 answer
  • What would be a good business to start with a friend?<br> (Explanation not needed.)
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!