QUESTION 78:

Joshua and Mary have two children: Robert, age 15 and Marcia, age 16. They also claim Marys father (59), who is living apart, as a dependent. Joshua and Marys 2020 modified AGI is $78,000, and their tax liability is $5,992. They file Married Filing Jointly and claim all three qualifying dependents on their return. What is the amount of the Child Tax Credit/ODC, that they qualify for, and are able to claim on line 19 of Form 1040?

a) $2,000 b) $4,000 c) $4,500 d) $6,000