Doug and Lisa Have Determined That Their Tax Liability on Their

question 80

Essay

Doug and Lisa have determined that their tax liability on their joint return is $3,700. They have made prepayments of $1,000 and also are entitled to a $2,000 child tax credit. What is the amount of their tax refund or taxes due?

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Definitions:

Co-sleeping

A custom in which parents and their children (usually infants) sleep together in the same room.

Infant-parent

Relating to the relationship, interactions, and bond between a baby and their primary caregivers, usually the parents.

Dozing Sleep

A light stage of sleep characterized by a semi-conscious state of drowsiness or nodding off.

Rapid Eye Movement

A phase of sleep characterized by quick movements of the eyes, increased brain activity, and dreaming.