Anika and Jesper are married and have 2 children ages 16 and 14. Their adjusted gross income

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Anika and Jesper are married and have 2 children ages 16 and 14. Their adjusted gross income for the year is $98,000. What amount can they claim for the child's credit?

a. What amount can they claim for the child credit if their adjusted gross income is $117,600?

b. What amount can they claim for the child credit if the children are ages 18 and 16 and their adjusted gross income is $96,000?

Related Book For answer-question

Concepts in Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: Sep 06, 2020 10:45 PM

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Anika and Jesper are married and have 2 children ages 16 and 14. Their adjusted gross income

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Answer to first question For joint filers having adjusted gross income less than 40... View the full answer

Concepts in Federal Taxation

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