Cassy Reports a Gross Tax Liability of $1,000

question 152

Multiple Choice

Cassy reports a gross tax liability of $1,000. She also claims $400 of nonrefundable personal credits, $700 of refundable personal credits, and $200 of business credits. What is Cassy's tax refund or tax liability due after applying the credits?

• A)$1,000 taxes payable
• B)$0 refund or taxes payable
• C)$700 refund
• D)$300 refund

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Definitions:

Agreeableness

A personality trait characterized by warmth, friendliness, and a tendency toward cooperation and social harmony.

Likeability

The quality of being pleasant, friendly, and easy to like.

Attitudes

Components of our personality that reflect our evaluations or feelings toward objects, people, or events.

Components

The distinct parts or elements that make up a whole system or object.