In 2016, John (52 years old) files as a head of household with one 18-year old dependent (qualifying) child. John is eligible to claim a $700 American opportunity credit for the year. John did not have any taxes withheld by his employer during the year and he did not make any estimated tax payments. After taking credits into account, what is the amount of John's taxes payable or refund assuming that his AGI is $26,000 (all from salary) and his taxable income is $9,000?
Correct Answer:
Verified
Exp...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q144: Demeter is a single taxpayer. Her AGI
Q145: Atlas earned $17,300 from his sole proprietorship
Q146: Sam is 30 years old. In 2016,
Q147: Akiko and Hitachi (married filing jointly for
Q149: Jackson earned a salary of $254,000 in
Q150: During all of 2016, Mr. and Mrs.
Q151: Lexa worked as an employee during the
Q152: Assume Georgianne underpaid her estimated tax liability
Q152: Julien and Sarah are married, file a
Q153: Wolfina's twins, Romulus and Remus, finished their
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents