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Jon and Kate have 8 children. Their AGI is 200,000 and consists exclusively of earned income. Both Jon and Kate earned $100,000 each. They have

Jon and Kate have 8 children. Their AGI is 200,000 and consists exclusively of earned income. Both Jon and Kate earned $100,000 each. They have $50,000 in childcare expenses If all of their kids are younger than 13, what is the maximum dependent care credit? (I already know $6,000 is incorrect)

$2,100

$10,000

$6,000

$1,200

$3,000

You have AGI of $50,000. You have two, twin dependents which are full time students. You paid tuition of $18,000 in the current year, $9,000 for each student. Both students are obtaining their first degree and it is their 5th year of school. They are not convicted of a drug felony. What is the amount of your education credit? (I already know $5,000 is incorrect)

$2,500

$4,000

$5,000

$3,000

$2,000

Tina worked in Norway for two months in the current tax year. She earned $80,000 exclusively in the United States and $20,000 exclusively in Norway. Tina had to pay $8,000 in income taxes to Norway. Before considering the Foreign Tax Credit, Tinas federal return is showing a tax liability of $16,000. She calculates that $7,000 of this federal tax is specifically related to the income earned in Norway. What is Tinas Foreign Tax Credit? (I already know $8,000 is incorrect)

$0

$8,000

$16,000

$7,000

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