Question
Ashley files single in 2020 with an AGI of $228,100 and taxable income of $210,000. She has 2 dependent children, Gino, age 10, and Eva,
Ashley files single in 2020 with an AGI of $228,100 and taxable income of $210,000. She has 2 dependent children, Gino, age 10, and Eva, age 20. Ashley paid $4500 in childcare costs for Gino so she could work. What is Ashley's ChildTax Credit for 2020?
a.
$500
b.
$2000
c.
$1100
d.
$1050
e.
None of theseAshley files single in 2020 with an AGI of $228,100 and taxable income of $210,000. She has 2 dependent children, Gino, age 10, and Eva, age 20. Ashley paid $4500 in childcare costs for Gino so she could work. What is Ashley's ChildTax Credit for 2020?
a.
$500
b.
$2000
c.
$1100
d.
$1050
e.
None of these
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started