Mindy and Xavier have a tax liability of $475 before EIC.Their EIC for the current year is $2,578.What is their total tax refund or tax liability for the current year (assume they have no other credits or additional tax liability)?

Question

Quizplus · Accepted Answer

The Earned Income Credit (EIC) of $2,578 exceeds their tax liability of $475. Subtracting the liability from the EIC gives them a refund of $2,103.

Mindy and Xavier Have a Tax Liability of $475 Before