Cassy reports a gross tax liability of $500 before consideration of tax credits and prepayments. She also reports $700 of refundable personal credits, $400 of nonrefundable personal credits, $200 of nonrefundable business credits, and $650 of federal income taxes withheld. What is Cassy's overpayment or balance due? Clearly show detailed calculation, indicating whether overpayment or balance due, and indicating amount of overpayment or balance due. 

700+400+200-1300-500-800-650-150 balance due

Answer rating: 100% (QA)

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