Paul and Olivia filed a joint tax return and reported modified AGI of $192,000. They have two
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Paul and Olivia filed a joint tax return and reported modified AGI of $192,000. They have two qualifying children for the purposes of the child tax credit. What is the amount of their child tax credit? What is the amount of their credit if their modified AGI is $432,000?
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For a joint return the credit is reduced by 50 for each 10...View the full answer
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Related Book For 
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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