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Rasheed works for Company A, earning $437,000 in salary during 2018. Assuming he is single and has no other sources of income, what amount of

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Rasheed works for Company A, earning $437,000 in salary during 2018. Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year? (Round your intermediate calculations to the nearest whole dollar emount.) Amount of FICA tax Required information The following information applies to the questions displayed below.] Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 88 a. His AGI is $108,800 Amount of child tax credit b. His AGI is $422,000 Amount of child tax credit EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Phase-Out Threshold Married filing Jointly Married filing separately Head of household and single $400,000 200,000 200,000

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