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

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Anika and Jespar 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 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?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

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

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Question Posted: Mar 29, 2013 03:19 AM

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

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Anika and Jespar can claim a child credit of 2000 1000 x 2 A taxpayer can claim a 1000 tax credi...View the full answer

Concepts In Federal Taxation

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