Question
Raven and Edgar are married and file a joint return with adjusted gross income of $425,000. They have three children ages 8, 15 and 19
Raven and Edgar are married and file a joint return with adjusted gross income of $425,000. They have three children ages 8, 15 and 19 that are dependents under the qualified child test. They also pay all the support for Reven's mother and claim her as a dependent under the qualified relative test. Calculate their Child and Dependent Credit: (Please note, you are not calculating the dependent care credit for this question.)
| A. | 1,250 | |
| B. | 3,750 | |
| C. | $4,000 | |
| D. | $5,000 | |
| E. | $6,000 |
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
4th Edition
1473729521, 9781473729520
