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.$3,094 - $2,100 = $994 tax refund: EIC is a refundable credit.
Correct Answer:
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