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41. choose the correct answer All of the following statements regarding the 2022 Additional Child Tax Credit are correct, EXCEPT? 1. The Additional Child Tax

41. choose the correct answer

All of the following statements regarding the 2022 Additional Child Tax Credit are correct, EXCEPT?

1. The Additional Child Tax Credit is a refundable credit.

2. The Additional Child Tax Credit is a nonrefundable credit.

3. Taxpayers must have an earned income of at least $2,500 to qualify.

4. The maximum Additional Child Tax Credit is $1,500.

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