Reagan and Grady Wade are married with three qualifying children under the age of 17. In 2022,
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Reagan and Grady Wade are married with three qualifying children under the age of 17. In 2022, Reagan and Grady had earned income of \($50,000\) and no adjustments. Line 11 of their 1040 reports AGI of \($50,000.\) Reagan and Grady take the standard deduction for 2022 (\($25,100)\) and as a result have taxable income of \($24,900\).
The Wades’ tax liability before considering the child tax credit is \($2,593.\) Assuming the Wades have no other tax credits, complete the 2022 Schedule 8812 Credit for Qualifying Children and Other Dependents as well as the associated Line 5 worksheet for Schedule 8812.
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solution Schedule 8812 for Reagan and Grady Wade Part I Credit for Quali...View the full answer
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Related Book For 
Pearsons Federal Taxation 2024 Individuals
ISBN: 9780138238100
37th Edition
Authors: Mitchell Franklin, Luke E. Richardson
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