Question
Margo Riche is married to John. John has a mental infirmity. They have a 22-year-old daughter who has a physical infirmity. Neither infirmity is severe
Margo Riche is married to John. John has a mental infirmity. They have a 22-year-old daughter who has a physical infirmity. Neither infirmity is severe enough to qualify for the disability tax credit. John has 2019 Net Income For Tax Purposes of $6,600. Their daughter has no 2019 income. What is the amount of 2019 tax credits that Margo will have related to her spouse and daughter?
a. $19,209
b. $14,839
c. $21,439
d. $7,699
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
