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QUESTION 4 The Tillman family has an adjusted gross income of $200,000. They have two children who are 15 and 17 years old and quality

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QUESTION 4 The Tillman family has an adjusted gross income of $200,000. They have two children who are 15 and 17 years old and quality as dependents. All of the Tillman's income Is from wages. What is the Tillman's child tax credit for 2020, and what portion of their child tax credit is refundable? Do not include any dependency credit that they might receive $2,000 and 51.400 54,000 and $2,800 $2,000 and 50 54,000 and 51,400 QUESTIONS Mary, age 67 purchased an annuity that pays her $500 per month for the rest of her life. She paid $70,000 for the annuity with post tax dollars. Based on the IRS simplified annuity tables, How much of each $500 payment will Mary have to include in her gross income for each payment she receives! Rounded to nearest cent? 5333.33 $166.67 $500.00 None, it was purchased with post tax dollars QUESTION 6 Bill, single receives 18,500 in wages from a part time job, 531,500 from unemployment benefits during the Covidcris, and $27.000 in social security benefits in 2020 Compute is adjusted gross income for 2020 18500 $19.500 524,250 133,500

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