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

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David and Lilly Fernandez have determined their tax liability on their joint tax return to be $1,990. They have made prepayme

business accounting

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Answer 1

Answer #1

Answer:

Tax (refund) due

= Tax liability - (Prepayment + Child tax credit)

= 1990 - (700+3000)

= 1990 - 3700

Tax refund = (1710)

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Answer 2

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