Child Tax Credit:

a. Rhianna and Jay are married filing jointly in 2020. They have six children that they may claim the $2,000 child tax credit for each before any phaseout. Their AGI was $423,440 for the year. What amount of child tax credit may they claim on their 2020 tax return?

b. Ann is single and has three children. Two children are under the age of 17 who live at home with Ann. The third one is 19 and a full-time college student. Anns AGI is $225,000.

Child and Dependent Care Credit:

a. Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the year, Jocelyn paid Trudy $4,000 to care for her son. What is the amount of Jocelyn's child and dependent care credit if her AGI for the year was $30,000?

b. Assume the same facts, except that Trudy is Jocelyns daughter who is 21 and is not claimed as a dependent by Jocelyn.

c. Heather and Mike are married. They have one daughter who is five years-old. Their total AGI for the year is $75,000. Heather works full-time and earned $70,000 in salary. Mike works part-time and earned $2,500 in wages. They paid $3,500 to a daycare for their daughter.

d. Tom has two sons ages 6 and 14 that lived with him for all of 2020. The 14 year-old has a severe mental disability that prevents the son for caring for himself. Tom paid $10,000 for the year to a professional care provider to care for his sons at Toms house. Toms AGI for the year is $100,000

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