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3 2 pts In 2021, Luke and Sandra are married and file a joint tax return. They have two dependent children, ages 11 and 15.
3 2 pts In 2021, Luke and Sandra are married and file a joint tax return. They have two dependent children, ages 11 and 15. Their adjusted gross income in 2021 is $407,500. Since 2016, Luke and Sandra have been taking care of Luke's elderly father Walter (age 79) for whom they provide more than half of support. How much child and dependent tax credit can Sandra and Luke take on their 2021 joint tax return? $6,500 $4,500 $6,000 $4,100 Question 4 2 pts In 2021, Alexander and Stacy are married and file their tax return jointly. They have three qualifying children ages 1, 4 and 5. Alexander earned salary of $34,000 and Stacy earned a salary of $2,000. In addition, Stacy received $5,000 as damages for personal injury she sustained. And Alexander received $1,000 income from his partnership. They contributed $12,000 to their IRA accounts. It's has been a quite challenging and difficult year for the young family and they would like to know if there is anything they can expect in terms of a refund from tax return to help with expenses. How much (if any) refund related to the child tax credit will they receive in 2021? $9,000 $10,800 $3,375
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