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  106) Brendan paid $950 to Brazil in foreign income taxes.

Question :   106) Brendan paid $950 to Brazil in foreign income taxes. : 2125639

 

106) Brendan paid $950 to Brazil in foreign income taxes. His total income was $52,500, which included $12,000 of investment income from Brazil. His U.S. tax liability is $8,000. Brendan's foreign tax credit is:

A) $0.

B) $950.

C) $1,829.

D) $12,000.

107) Adrienne has total taxable income of $93,000 which includes $10,000 taxable income from India. She paid $2,800 in foreign income taxes, and her U.S. tax liability is $25,210. Adrienne's foreign tax credit is:

A) $0.

B) $2,711.

C) $2,800.

D) $25,210.

108) Brian and Clara paid $4,350 in foreign income taxes to Mexico. Their total income was $105,000, which included $16,000 of foreign income. Their U.S. tax liability is $22,750. How much can Brian and Clara claim as foreign tax credit?

A) $0.

B) $3,467.

C) $4,350.

D) $16,000.

109) Noah and Olivia have two boys, Jordan, age 6 and Jack, age 5. Their AGI is $176,000. What amount of child tax credit can they claim?

A) $0.

B) $2,000.

C) $2,300.

D) $4,000.

110) Patricia is single and her son Quinn is age 11. If her AGI is $207,000, what amount of child tax credit can she claim?

A) $0.

B) $350.

C) $1,650.

D) $2,000.

 

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