question 9 (4 points)\nyou calculated that you owe $4,568.65 in taxes. you qualify for an \ncredit of $4,213…

question 9 (4 points)\nyou calculated that you owe $4,568.65 in taxes. you qualify for an \ncredit of $4,213 and a child tax credit of $2,000. how much do you owe \nafter applying the tax credits, or what is the amount of your refund?\nyour answer:\nanswer

question 9 (4 points)\nyou calculated that you owe $4,568.65 in taxes. you qualify for an \ncredit of $4,213 and a child tax credit of $2,000. how much do you owe \nafter applying the tax credits, or what is the amount of your refund?\nyour answer:\nanswer

Answer

Explanation:

Step1: Calculate total tax credits

Add the two tax - credits together. The first tax credit is $4,213 and the second is $2,000. So the total tax credits $C$ is $C = 4213+2000$. $C=6213$

Step2: Determine the amount owed or refunded

Subtract the total tax credits from the amount of taxes owed. Let $T = 4568.65$ be the amount of taxes owed and $C = 6213$ be the total tax credits. The amount $A$ is $A=T - C$. Since $C>T$, it means there is a refund. $A=4568.65 - 6213=- 1644.35$

Answer:

$1644.35$ (refund amount)