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 2022 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 |
Required:
a.His AGI is $100,000.
Amount of child tax credit = ?
b.His AGI is $420,000.
Amount of child tax credit = ?
c.His AGI is $420,100, and his daughters are ages 10 and 12.
Amount of child tax credit = ?
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Audit Of The Federal Bureau Of Investigation Annual Financial Statements Fiscal Year 2015
Authors: Office Of The Inspector G Eneral, U.S. Department Of Justice
1st Edition
1530341264, 978-1530341269
