Anwar calculated his tax liability as $72,600. After applying a tax credit of $1,200, what is his remaining balance?

To find Anwar's remaining balance after applying the tax credit, you start with the initial tax liability of $72,600. The purpose of a tax credit is to directly reduce the amount of tax owed, so when you apply the tax credit of $1,200, you subtract this amount from the initial liability.

Calculating this involves the following steps:

1. Start with the tax liability: $72,600.

2. Subtract the tax credit: $1,200.

When you do the math, it looks like this:

$72,600 - $1,200 = $71,400.

This result of $71,400 represents Anwar's remaining tax balance after the tax credit has been applied. Therefore, the correct answer reflects this calculation and provides the accurate remaining tax liability he needs to pay after benefiting from the tax credit.