Question
[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
[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 tax credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8.
EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold
| Filing Status | Phase-Out Threshold |
|---|---|
| Married filing jointly | $400,000 |
| Married filing separately | 200,000 |
| Head of household and single | 200,000 |
a. His AGI is $101,900.
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Energy Management Conservation And Audits
Authors: Anil Kumar, Om Prakash, Prashant Singh Chauhan, Samsher Gautam
1st Edition
0367494930, 978-0367494933
