Sheri's only source of income for the year is a salary of" $40,000. She is not married and has three dependent children who are not eligible for the child tax credit. Sheri's tax liability is $1,795 before any credits or prepayments are applied. She had $2,000 withheld from her salary. After applying the earned income credit, what is the amount of Sheri's refund?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sheri's only source of income for the year is a salary of" $40,000. She is not married and has three dependent children who are not ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Sam's Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year.
Answers (1)
Which type of loan typically has the highest annual percentage rate (APR) ? a. credit card b. line of credit c. payday loan d. construction loan
Answers (1)
Scranton, Inc. reports net income of $238,000 for the year ended December 31. It also reports $91,200 depreciation expense and a $5,400 gain on the sale of equipment.
Answers (1)
Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000. Required: 1. What is the company's contribution margin (CM) ratio? 2.
Answers (1)
If a country of 300 million people has a total income of $12 trillion, its per capita income is:
Answers (1)
New Questions in Business
Susan is a 5th grade teacher and loves getting up every day and going to work to teach her students. This is an example of extrinsic value interest intrinsic value external value
Answers (1)
Imagine that you are a manager facing the problem of not attracting enough high-quality personnel to your organization. Would you attempt to solve this problem alone or by committee? Explain your reasoning.
Answers (1)
Explain the difference between traditional subsistence agriculture, traditional intensive agriculture, and industrial agriculture (mechanized agriculture). when is each system favored?
Answers (1)
James is wondering how much money he needs to have to receive an annuity payment of $10,000 per month for 30 years, after which time the payments will stop and his investment will be used up. James believes he can earn 6% on his investments.
Answers (1)
Rob is balancing his checkbook. his beginning checking account balance was $1. he deposited a check for $77 from his part-time job and $37 in cash that he received in tips into the account. using his debit card, he purchased $25 worth of gas.
Answers (1)