What is C?

a. Jeremy is a single (head of household) father with $80,100 of AGI and has a dependent 8-year-old son: 2,000 Feedback Check My Work The child tax credit permits individual taxpayers to take a tax credit based on the number of their dependent children. The child tax credit comes in two parts, the non- refundable child tax credit and the refundable additional child tax credit. To qualify for the child tax credit, the child must meet a certain age requirement, be a U.S. citizen or U.S. resident alien, claimed as a dependent on the taxpayer's return, and meet the definition of "qualifying child. The maximum credit begins to phase out when adjusted gross income reaches certain thresholds. The TCJA made three significant changes to the child tax credit: (1) increased the credit per child, (2) increased the threshold for which the phase-out starts, and (3) increased the refundable amount of the credit for taxpayers whose credit is limited by their pre-credit tax liability. In addition, the TCJA added a new qualifying dependent credit for certain dependents. b. Jerry and Ann have $100,000 of AGI, file jointly, and claim two dependent preschool children: 4,000 Feedback Check My Work Correct C. James and Apple have AGI of $417,100, file jointly, and claim three dependent children (ages 7, 10, and 19): 4,800 x