Durell and Earline are married, file a joint return, and claim dependency exemptions for their two children,

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Durell and Earline are married, file a joint return, and claim dependency exemptions for their two children, ages 5 years and 6 months. They also claim Earline's 18-year-old son from a previous marriage as a dependent. Durell and Earline's combined AGI is $68,000.
a. Compute Durell and Earline's child tax credit.
b. Assume the same facts, except that Durell and Earline's combined AGI is $122,000. Compute their child tax credit.
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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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