Jamison's gross tax liability is $7,000. Jamison had $2,000 of available credits and he had $4,000 of taxes withheld by his employer. What is Jamison's taxes due (or taxes refunded) with his tax return?
A) $5,000 taxes due.
B) $1,000 taxes due.
C) $1,000 tax refund.
D) $3,000 taxes duE.Gross tax liability minus credits minus payments equals taxes due ($7,000 - 2,000 - 4,000 = $1,000 taxes due) .
Correct Answer:
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