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The alternative minimum taxable income (AMTI) is typically ________ the regular income tax base. A. exactly the same as B. smaller than C. larger than
The alternative minimum taxable income (AMTI) is typically ________ the regular income tax base.
A. exactly the same as
B. smaller than
C. larger than
D. about the same as
Married TP's filing jointly in 2019. They have five children under age 17 for whom they may claim the child tax credit. Their AGI was $425,000. What amount of child tax credit may they claim on their tax return?
A. $10,000
B. $11,000
C. $8,750
D. $5,000
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