Dong and Chen are a married couple with four dependent chidren under the age of 17. Their adjusted gross income is $271,800.00, and they plan to take the standard deduction Calculate their tax as well as the child tax credit that they can claim for the 2020 tax yearAssume that their status is married jointly spouse and that all of their income is taxable and the amount does not include any dividends or capital gains

Dong and Chen's standard deduction for the

2020 tax year is$

Filing Status	2020
	Single	$12,400
	Married Filing Jointly or Surviving Spouse	$24,800
	Head of Household	$18,650
	Married Filing Separately	$12,400
	Child Tax Credit in 2020: $2,000 per child