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alyssa is a single mother. based on her agi and number of children, her earned income credit is $4,215. her taxable income is $25,000, and the resulting tax is $2,718. which of the following statements best describes alyssa's tax position? multiple choice question. alyssa will owe no federal income tax in the current year. alyssa will owe no federal income tax this year and may use the $1,497 credit in a future year when she has a tax liability. alyssa will owe no federal income tax and will receive a $1,497 refund attributable to the earned income credit.

Respuesta :

Based on the information provided, it appears that Alyssa will owe no federal income tax in the current year and will receive a $1,497 refund attributable to the earned income credit. This makes the last option hold true.

This is because her taxable income of $25,000 is less than she earned income credit of $4,215, resulting in a negative tax liability. In this case, the negative tax liability is offset by the earned income credit, resulting in a tax refund for Alyssa. It is also worth noting that the earned income credit is a nonrefundable tax credit, which means that Alyssa will not be able to carry it forward to use in a future year when she has a tax liability.

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