This year Luke has calculated his gross tax liability at $1,920. Luke is entitled to...
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Accounting
This year Luke has calculated his gross tax liability at $1,920. Luke is entitled to a $2,580 nonrefundable personal tax credit, a $1,590 business tax credit, and a $660 refundable personal tax credit. In addition, Luke has had $2,450 of income taxes withheld from his salary. What is Luke's net tax due or refund? Note: Input the amount as a positive value
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This year Luke has calculated his gross tax liability at $1,920. Luke is entitled to a $2,580 nonrefundable personal tax credit, a $1,590 business tax credit, and a $660 refundable personal tax credit. In addition, Luke has had $2,450 of income taxes withheld from his salary. What is Luke's net tax due or refund? Note: Input the amount as a positive value 