2. Sam and Kam are married and file a joint return with an AGI of $250,500. They have three dependent children ages 7, 10, and 17 (ages at the end of 2022). With respect to their children, what amount, if any, of Child Tax Credit and/or Dependent credit can Sam and Kam apply to their return?

   	a.	$4,500
   	b.	$6,000
   	c.	$4,000
   	d.	$0 because they exceed the threshold to apply any credit.

Answer rating: 100% (QA)

Answer is Option C 4000 Explanation 1 Dependent Child below 17 age ... View the full answer