Question: individual incometax class, short answer without explaining please 1. Refundable tax credits include the: a. Foreign tax credit. b. Tax credit for rehabilitation expenses. c.

individual incometax class, short answer without explaining please
individual incometax class, short answer without explaining please 1. Refundable tax credits

1. Refundable tax credits include the: a. Foreign tax credit. b. Tax credit for rehabilitation expenses. c. Credit for certain retirement plan contributions. d. Earned income credit. 2. Several years ago, Sarah purchased a structure for $150,000 that was placed in service in 1929. In the current year, she incurred qualifying rehabilitation expenditures of $200,000. What's the amount of the tax credit for rehabilitation expenditures, and the amount by which the building's basis for cost recovery would increase as a result of the rehabilitation expenditures? 3. George and Martha are married and file a joint tax return claiming their two children, ages 10 and 8 as dependents. Assuming their AGI is $119,650, what's George and Martha's child tax credit

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