Cooper Is a Single Dad with 1 Child and His

question 82

Multiple Choice

Cooper is a single dad with 1 child and his TOTAL tax liability for the current tax year is $2,100.His EIC amount is $3,094 and he had no withholdings during the year.What amount of tax refund or tax owed would be on Cooper's tax return?

• A)$0.
• B)$994 tax refund.
• C)$2,100 tax owed.
• D)$3,094 tax refund.

---

Definitions:

Efficient Industries

Industries that achieve maximum productivity with minimum wasted effort or expense.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production and trade.

Consumer Market

A marketplace for goods and services that are purchased for personal, family, or household use.

Manufacturing Base

The sector of an economy that is involved in the production of goods in large quantities, utilizing labor and machines.