Question: Durell and Earline are married, file a joint return, and claim dependency exemptions for their two children, ages 5 years and 6 months. They also
Durell and Earline are married, file a joint return, and claim dependency exemptions for their two children, ages 5 years and 6 months. They also claim Earline's 18-year-old son from a previous marriage as a dependent. Durell and Earline's combined AGI is $68,000.
a. Compute Durell and Earline's child tax credit.
b. Assume the same facts, except that Durell and Earline's combined AGI is $122,000. Compute their child tax credit.
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