10) Child is 14 years old on 31 December 2019. For the year, Child earned $950 in wages from a part-time job, an amount which does not exceed one-half of Child's support for the year. Child also earned $4,900 in interest on bank deposits. Determine Child's income tax liability for the year.

11 ) Taxpayer and Spouse are a married couple filing a joint return and claiming the standard deduction. The couple have the following two dependents. During 2019, the couple earned salary of $405,000 and interest on corporate bonds of $15,000. Determine the total amount of Child Tax Credit and Credit for Other Dependents to which Taxpayer is entitled for the year.

• Child 1, age 6 at 12/31/19
• Child 2, age 17 at 12/31/19

Enter answer:

12) Tax credits reduce taxable income dollar for dollar.

True

False