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Problem 7-1 Child Tax Credit (LO 7.1) Calculate the total child and other dependent credit for the following taxpayers. Round any division up to the
Problem 7-1 Child Tax Credit (LO 7.1)
Calculate the total child and other dependent credit for the following taxpayers.
Round any division "up" to the nearest whole number.
a. Jeremy is a single (head of household) father with $80,100 of AGI and has a dependent 8-year-old son:
b. Jerry and Ann have $100,000 of AGI, file jointly, and claim two dependent preschool children:
c. James and Apple have AGI of $430,300, file jointly, and claim three dependent children (ages 7, 10, and 19):
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