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paid as an itemized deduction rather than as a foreign tax credit? A) The foreign tax paid was less than 10% of AGL B) The

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paid as an itemized deduction rather than as a foreign tax credit? A) The foreign tax paid was less than 10% of AGL B) The foreign tax paid was to a South American country. C) The foreign tax paid was a property tax. D) The foreign tax paid was an income tax. 23) Waseem has $103,000 total taxable income, which includes $11,000 of taxable income from India. He paid $4,000 in foreign income taxes and his U.S. tax liability is $21,610. Waseem's foreign tax credit is: (Do not round interim calculations) A) $0. B) $2,200. C) $2,308. D) $4,000. 24) Rudy and Rebecca have AGI of $156,000. They have twin daughters, Ashley and Amy, ages 5. What amount of child tax credit can they claim? A) $0. B) $1,000. C) $2,000. D) S2,300. 25) Sandra is single and her son Julius is 12 years old. If her AGI is $79,000, what amount of child tax credit can Sandra claim? A) $0. B) S500. C) $800. D) $1,000. 26) Presley and Jake are married filing joint taxpayers. They have twin sons, ages 7. If their AGI is $116,950, what amount of child tax credit can they claim? A) $0. B) S1,000. C) $1,650. D) $2,000 27) Julia and Omar are married and file a joint tax return. They have two dependent daughters ages 14 and 18. If their AGI is $98,000, what amount of child tax credit can they claim? A) $0. B) $1,000 C) $1,650. D) $2,000 28) Dean and Sue are married filing jointly with AGI of $28,000. They made a $1,500 contribution to a qualified retirement plan. How much is their retirement savings contributions credit? A)$0

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