Question
Neville and Julie are married and have two children ages 19 and 14. Their adjusted gross income for the year is $85,200. Round all calculations
Neville and Julie are married and have two children ages 19 and 14. Their adjusted gross income for the year is $85,200.
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 $430,000. 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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