David and Lilly Fernandez have determined their tax liability on their joint tax return to be $2,100. They have made prepayments of $1,900 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?

Respuesta :

Answer: Tax refund of $1,800

Explanation:

The tax due (refund) for the Fernandezes is;

= Tax liability - (Prepayment + Child tax credit)

= 2,100 - ( 1,900 + 2,000)

= 2,100 - 3,900

= ($1,800)

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