This year luke has calculated his gross tax liability at $1,800. luke is entitled to a $2,400 nonrefundable personal tax credit, a $1,500 business tax credit, and a $600 refundable personal tax credit. in addition, luke has had $2,300 of income taxes withheld from his salary. (input the amount as a positive value.) what is luke’s net tax due or refund?

$2,900

Explanation:

Luke’s nonrefundable personal credit reduces his gross tax to zero ($1,800 – 2,400) = $600 and this $600 of the unused credit expires unused.  The $1,500 unused business tax credit carries over.

Luke’s net tax due or refund is  $2,900 ($600 refundable credit + $2,300 taxes he paid

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; im thinking customer: