Question
Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his spouse. What amount of child tax
Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his spouse.
What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2023 for his daughters under each of the following alternative situations?
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 $103,300.
Amount Of Tax Credit?
b. His AGI is $431,000.
Amount Of Tax Credit?
c. His AGI is $421,200, and his daughters are ages 10 and 12.
Amount of tax credit?
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Key Concepts In Primary Science Audit And Subject Knowledge
Authors: Vivian Cooke, Colin Howard
1st Edition
1910391506, 978-1910391501
