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QUESTIONS Tim and Nancy are married and will file a joint return. Their AGI is $250,000. They have the following dependents (all are U.S. citizens):
QUESTIONS Tim and Nancy are married and will file a joint return. Their AGI is $250,000. They have the following dependents (all are U.S. citizens): Sherry (daughter) age 10 Bobby (son) age 5 Thomas (son) age 18 Agnes (Nancy's mother) age 70 What is their total child and dependent tax credits? $4,000 (child tax credit); $500 (dependent tax credit) $6,000 (child tax credit); $0 (dependent tax credit) $4.000 (child tax credit); $1,000 (dependent tax credit) $6,000 (child tax credit) $500 (dependent tax credit)
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