Question
13. Child Tax Credit. (Obj. 2) Compute the child tax credit for each of the following taxpayers. a. Jett is married but does not
13. Child Tax Credit. (Obj. 2) Compute the child tax credit for each of the following taxpayers. a. Jett is married but does not file a joint return with his spouse. Jett claims his six-year-old son as a dependent and files as head of household under the abandoned spouse rules. Jett's AGI is $85,440. b. Eren is divorced. She and her ex-husband share custody of their four children, ages 2-8, but Eren is the custodial parent. She has not signed away her right to claim the children as dependents. She files as a head of household. Her AGI is $95,694. c. Michelle is 43 years old and a single parent. She claims her three children, ages 9, 14 and 17, as dependents. She files as a head of household. Her AGI is $123,639. d. Randy and Tammy O'Brien file a joint return. Tammy's 16-year-old sister lives with them the entire year. They claim the sister and their two-year-old daughter as dependents. The O'Briens' AGI is $145,800.
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