as an accountant, you have calculated income taxes for a customer for the last 3 years. during those three…

as an accountant, you have calculated income taxes for a customer for the last 3 years. during those three years, the customer made a tax payment of $1,250, received a tax refund of $550, and made a tax payment of $925. the customer also paid a processing fee of $60 each year. what is the total amount the customer paid during those 3 years? $1,445 $1,625 $1,685 $1,805 $2,545

as an accountant, you have calculated income taxes for a customer for the last 3 years. during those three years, the customer made a tax payment of $1,250, received a tax refund of $550, and made a tax payment of $925. the customer also paid a processing fee of $60 each year. what is the total amount the customer paid during those 3 years? $1,445 $1,625 $1,685 $1,805 $2,545

Answer

Explanation:

Step1: Calculate total processing fees

$60\times3 = 180$

Step2: Calculate net tax payments

$1250 - 550+925=1625$

Step3: Calculate total amount paid

$1625 + 180=1805$

Answer:

$1,805$