Enzo's 2020 federal income tax liability is $10,000. Enzo is entitled to a nonrefundable tax credit of $12,000 for 2020. Enzo did not make any prepayments towards his 2020 federal income tax liability, and he did not have any withholdings. What is the amount of tax refund that Enzo will receive when he files his 2020 federal income tax return?

In 2020, Marley, age 70 and head of household (unmarried), had income of $37,000 and exclusions of $500. Marley had adjustments/deductions for AGI of $2,500, and his itemized deductions for the year totaled $21,000. Marley had a QBI deduction of $1,000. Marley is entitled to a tax credit of $2,000. Marley is deaf. What is Marley’s taxable income?

A taxpayer lives in California, a state that imposes a tax on income. The following information relates to the taxpayer's state income taxes for 2022: Taxes withheld in 2022 $ 3,000 State refund received in 2022 from the 2021 tax return 300 Additional assessment paid in 2022 on the 2020 tax return 800 Assuming this taxpayer elects to deduct state and local income taxes, what amount should she use as an itemized deduction for state and local income taxes for her 2022 federal income tax return?

Sharon Jones is single. During 2022, she had gross income of $159,800, deductions for AGI of $5,500, itemized deductions of $14,000 and tax credits of $2,000. Sharon had $22,000 withheld by their employer for federal income tax. She has a tax  (due/refund) rounded to the nearest whole dollar of $.

1. Tonya; a single, calendar year, cash basis taxpayer; paid state income taxes of $8,000 during 2019. When she filed her 2019 state income tax return in 2020, she received a refund of $900. Her itemized deductions for 2019, which included her state income taxes paid, totaled $12,750. Under the tax benefit rule, how much of the refund must be included in Tonya's 2020 income? Tonya is 37 years old and not blind. $450 $0 $900 $550

Juanita is a single and is self-employed. Juanita owed $1,300 in taxes on her 2019 return andexpects her taxes to be the same for 2020. Which of the following statements is correct?Select one:a. Juanita will not be required to pay estimated tax payments for 2020.b. Juanita will not be subject to self-employment tax.c. Juanita should take out a loan to pay her 2020 taxes when she files the return.d. Juanita should make estimated tax payments to avoid an underpayment penalty.

Please help me with all answers thanku

Subject - account  Please help me.  Thankyou.

Joyce is a single, cash-method taxpayer. On April 11, 2021, Joyce paid $120 in state income taxes with her 2020 state income tax return. During 2021, Joyce had $1,600 in state income taxes withheld. On April 13, 2022, Joyce paid $200 with her 2021 state tax return. During 2022, she had $2,100 in state income taxes with-held from her paycheck. Upon filing her 2022 tax return on April 15, 2023, she received a refund of $450 for excess state income taxes withheld. Joyce had total AGI in 2022 and 2023 of $51,000 and $53,500, respectively. In 2022, Joyce also paid $13,500 in qualified residence interest. a. What is the amount of state income taxes Joyce may include as an itemized deduction for 2021? b. What is Joyce’s allowed itemized deduction for state income taxes for 2022? c. What is Joyce’s taxable income for 2022?

In 2021, Erica's AGI was $141,000, and the total tax liability was $33,650. This year, Elon’s total tax liability is $35,290. Compute the minimum amount of 2022 tax that Erica had to prepay (withholding and estimated payments) to avoid an underpayment penalty.