21. A taxpayers 16-year-old dependent son earned $7,000 in 2022. What is the standard deduction for him?

a. $7,400

b. $12,950

c. $1,150

d. $0

22. What is the maximum amount of work-related child and dependent care credit that may be claimed for 2022 by a taxpayer who has three qualifying persons?

a. $1,000

b. $3,000

c. $6,000

d. $9,000

23. Peter has three daughters who are eligible students. What is the maximum amount of tax credit available to him under the American opportunity credit, assuming he meets all requirements?

a. $2,000

b. $2,500

c. $7,500

d. $12,000

24. For what maximum period of time is an American opportunity credit available for each eligible student?

a. Four years

b. Six years

c. For the period of time needed by the student to earn an undergraduate degree

d. No maximum period is prescribed

25. John and Shirley have one twelve-year-old child eligible for the Child Tax Credit, file their tax return as married filing jointly and, at a $160,000 modified adjusted gross income for 2022, they have an AGI that exceeds the threshold at which the increased credit amount begins to phase out by $10,000. For what Child Tax Credit would they be eligible?

a. $0

b. $500

c. $1,500

d. $3,000