Question

question 11 (6.6 points) you calculated that you owe $5,693.66 in taxes. you qualify for an earned income tax credit of $4,213 and a child tax credit of $2,000. how much do you owe after applying the tax credits, or what is the amount of your refund? your answer: answer question 12 (6.6 points) is it important to have additional savings besides social security for retirement? financial stability during retirement years important, social security is guaranteed to cover all expenses during social security is not meant to fully replace income but supplement it

Explanation:

Step1: Calculate total tax credits

Add the earned - income tax credit and child tax credit.
$4213 + 2000=6213$

Step2: Determine amount owed or refund

Subtract total tax credits from tax owed. Since $6213>5693.66$, it's a refund.
$6213 - 5693.66 = 519.34$

Answer:

$519.34$