In 2022, Madison and Nick Koz have two children, ages 8 and 10. Both children meet the

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In 2022, Madison and Nick Koz have two children, ages 8 and 10. Both children meet the definition of qualifying child. The Koz family has adjusted gross income of $300,000. What is the amount of the child tax credit on the couple’s income tax return?

a. $1,000

b. $2,000

c. $3,000

d. $4,000

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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