Question

Jason is 2017 federal income tax is $3,500. He entitled to a $1,000 tax credit which reduces the amount of his tax bill to what amount.

Answer 1

The amount of his tax bill is $2,500.

Explanation:

Given:

Jason is 2017 federal income tax is $3,500.

He entitled to a $1,000 tax credit.

Now, to find the tax bill.

Amount of income tax = $3,500.

Tax credit = $1,000.

Thus, by subtracting the tax credit from income tax amount we get the amount of Jason tax bill:

`3500-1000`

`=2500.`

Therefore, the amount of his tax bill is $2,500.