Question
Norm and Carly are married taxpayers filing jointly with modified adjusted gross income (AGI) of $420,300. They have two dependent children: Marcy, age 16, who
Norm and Carly are married taxpayers filing jointly with modified adjusted gross income (AGI) of $420,300. They have two dependent children: Marcy, age 16, who is a student at Clear Val high school; and Rob , age 12, who is a student at Clear Sky elementary school. What amount of child credit may Norm and Carly claim?
| $3,000 | ||
| $0 | ||
| $4,000 | ||
| $1,050 | ||
| $2,950 |
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Principles Of Managerial Accounting
Authors: Christine Jonick, Dahlonega, GA
1st Edition
1940771455, 9781940771458
