Calculate the total child and other dependent credit for the following taxpayers. Please show your work. a.
Question:
Calculate the total child and other dependent credit for the following taxpayers.
Please show your work.
Transcribed Image Text:
a. Jeremy is a single (head of household) father with $80,100 of AGI and has a dependent 8yearold son: b. Jerry and Ann have $100,000 of AGI, file jointly, and claim two dependent preschool children: c. James and Apple have AGI of $430,300, file jointly, and claim three dependent children (ages 7, 10, and 19):
Fantastic news! We've located the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
a 2 000 b 4 000 The income is less than the phase out ra...View the full answer
Answered By
Michael Owens
I am a competent Software Engineer with sufficient experience in web applications development using the following programming languages:
HTML5, CSS3, PHP, JAVASCRIPT, TYPESCRIPT AND SQL.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha AltusBuller, Steven Gill
Question Posted:
Students also viewed these Business questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 15. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their adjusted gross income for 2018 is $105,300. What is Russ and Lindas total...

Jennifer is divorced and files a head of household tax return claiming her children, ages 4, 7, and 17, as dependents. Her adjusted gross income for 2018 is $211,200. What is Jennifers total child...

Verify that the functions are probability density functions for a continuous random variable X over the given interval. Determine the specified probability. f(x) = xe over [0, ), P(1 X 3)

Carol sampled the monthly maintenance costs for automated soldering machines a total of 100 times during 1 year. She clustered the costs into $200 cells, for example, $500 to $700, with cell...

Determine the force in members CD, CJ, KJ, and DJ of the truss which serves to support the deck of a bridge. State if these members are in tension or compression. Units Used: kip = 103 lb Given: F1 =...

Find a logic diagram that corresponds to the Verilog structural description in Figure 246. Note that complemented inputs are not available. Figure 246

You are considering opening a bagel restaurant aimed primarily at the breakfast trade. Youll sell bagels, coffee, and other items in relatively fixed proportions to one another. For each bagel sold,...

Jack Lange schedules an appointment with your firm to create a trust for his grandchildren. Although he is not vastly wealthy, Mr. Lange owns a regional dry cleaning chain that he opened in the...

Christine and Doug are married. In 2020, Christine earns a salary of $250,000 and Doug earns a salary of $50,000. They have no other income and work for the same employers for all of 2020. How much...

Married taxpayers Otto and Ruth are both selfemployed. Otto earns $352,000 of self employment income and Ruth has a selfemployment loss of $13,500. How much 0.9 percent Medicare tax for highincome...

Why do we often need to take a preliminary sample when determining the size of the sample needed to make the margin of error of a confidence interval equal to E?

A company that manufactures computer parts headquartered in California. they are opening a new plant in the neighboring state i.e., Nevada in the United States. If the organization were to expand...

Write comments in your programs. Programs with no comments will receive PARTIAL credits. For each program, the following info should at least be included at the top of the C file: Author and Date...

Newton's divided differences 2 solutions submitted (max: Unlimited)  View my solutions Write a MATLAB function, called Newtons_divided_differences that inputs a set of data points (x,y)=(datx,daty),...

Consider the parameterized curve x(t) = 1 + t, y(t) = 1 + t,0 t 10. (1) (10 points) Computed as a function of t. (2) (10 points) Computed as a function of t. (3) (10 points) Write an equation for...

Table 31 on page 81 and the accompanying narrative shows a way to calculate quantified risk. Calculate the ALE for an organization that has 850 users, each provided with a computing device. Every...

Shellhammer Company is considering the purchase of a new machine. The invoice price of the machine is $170,000, freight charges are estimated to be $4,000, and installation costs are expected to be...

Simplify the expression. Assume that all variables are positive. 23VI1 2 V44 8

When calculating ordinary income, partnerships are not allowed which of the following deductions? a. Miscellaneous expenses b. Wages and salaries c. Depreciation d. Cost of goods sold e. Personal...

Trevor is a 50 percent partner in the Dalmatian Partnership. His basis in his partnership interest is $30,000 at the end of the tax year but before the partnership gives Trevor a cash distribution of...

Which of the following circumstances will not cause a partnership to close its tax year early? a. The partnership terminates by agreement of the partners. b. The business activity of the partnership...

What is the output of the following code: #include using namespace std; int Twist(int &u); int main() { } int N = 10, 9; 9 = Twist (N); cout <

A = 6 D=AB B = DA C=D  B A=DC 5 3 3 C = 6 7 Which of the following is correct? 1 25 1 3 9 8 9 8 6 15 2 B = 7 L4 3 4 61 8 10 1 4 7 9 2 5

2. Draw the computational graph for the equation 1 f(w, z) 1+ e(woro+wx1+w) Assume that wo 2,01, W = 3,2 and w 3. Using the computation graph show the computation of the gradients also.  = =
Question Categories