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Income Tax Credits (LO. 6) Neville and Julie are married and have two children ages 19 and 14. Their adjusted gross income for the year
Income Tax Credits (LO. 6) Neville and Julie are married and have two children ages 19 and 14. Their adjusted gross income for the year is $81,400. Round all calculations (including all fractions) up to the next whole number. a. Neville and Julie can claim $ as a child credit. b. They can claim $ for the child credit if their children are ages 16 and 13. C. Assume the same facts as part a except that their adjusted gross income is $422,600. Neville and Julie are allowed a child credit of $ Their child credit is reduced by $ due to their adjusted gross income
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