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.

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Definitions:

Form Of Ownership

The legal structure that defines the ownership of a firm or asset, such as sole proprietorship, partnership, or corporation.

Inheritance Interest

A legal or equitable right to receive property or assets from the estate of a deceased person.

Sublease

An agreement where the original tenant of a lease rents out their space to another person, transferring some or all of their tenancy rights.

Rent Payments

Periodic payments made by tenants to landlords in exchange for the use of residential or commercial property.