1. Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their adjusted gross income for 2015 is $105,300. What is Russ and Lindas total child credit for 2015?

2.

Which of the following taxpayers will require a payment for the individual shared responsibility?

Jims income was only $2,000 for the year, his employer did not provide health insurance, and the premiums for the cheapest plan on the exchange were $125 per month which he could not afford and thus did not purchase insurance.

Peg changed jobs during the year and was without coverage for 2 months.

Alice filed Form 8965 due to a hardship exemption.

Bill, a self-employed architect, had a physical in January and was found to be in good health so he canceled his health insurance policy starting in February. His income for the year was about $110,000.

All but c will be required to pay an individual shared responsibility amount.

3. John, a single father, has AGI of $51,000 in 2015. During the year, he pays $4,000 in qualified tuition for his dependent son, who just started attending Small University. What is Johns American Opportunity tax credit for 2015?