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Carol is an unmarried mother of two dependent children. She received a $4,200 recovery rebate in 2021. How much of the rebate is taxable if she has a $1,000 tax liability?

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According to the calculations, $ 3200 of the rebate is taxable.

What is a taxable rebate?

Given that Carol is an unmarried mother of two dependent children, and she received a $ 4,200 recovery rebate in 2021, to determine how much of the rebate is taxable if she has a $ 1,000 tax liability, the following calculation must be performed:

  • 4200 - 1000 = X
  • 3200 = X

Therefore, $ 3200 of the rebate is taxable.

Learn more about rebates in https://brainly.com/question/26062859

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