Peter’s tax computed as per the tax rate schedule amounts to $2,000, and his tax credits amount to $500. his total tax liability is

$1500

Explanation: Tax liability is defined as the total amount of tax owed by individuals and organisations in any time period, to local, states, and federal governments. While they are short term liabilities recorded on the balance sheet for organization and usually paid within a year, for individuals, it is covered by withholdings from wages or salary or paid out of pocket.

The tax liability is gotten by taking the total amount of tax on your income computed as per the tax rate schedule, less any non-refundable credits such as tax credit, saver’s credit, dependent care credit etc. including additional taxes like self-employment tax, household employment tax, and tax penalties.

For Peter, his tax liability is equal to $1500 which is $2000 (tax) minus $500 (tax credit).

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101