x
Info
x
Warning
x
Danger
 / 
 / 
 / 
  111) Casey and Lupe have AGI of $425,000. They have

Question :   111) Casey and Lupe have AGI of $425,000. They have : 2125640

 

111) Casey and Lupe have AGI of $425,000. They have twin daughters, Ashley and Alley, ages 5. What amount of child tax credit can they claim?

A) $0.

B) $1,250.

C) $2,750.

D) $4,000.

112) Harrison is single and his son Jack is 12 years old. If his AGI is $195,000, what amount of child tax credit can Harrison claim?

A) $0.

B) $1,000.

C) $2,000.

D) $4,000.

113) Jillian is single and her son, Parker is 18 years old. If her AGI is $76,200, what is her child tax credit for Parker?

A) $0.

B) $500.

C) $1,000.

D) $2,000.

114) Andrew and Eunice are married filing jointly with AGI of $48,000. They contributed $1,800 to a qualified retirement plan. How much is their retirement savings contributions credit?

A) $0.

B) $180.

C) $900.

D) $1,800.

115) Molly is single with AGI of $22,500. During the year, she contributed $900 to an IRA. What amount of retirement savings contributions credit can Molly claim?

A) $0.

B) $90.

C) $180.

D) $900.

 

Solution
5 (1 Ratings )

Solved
Taxation 1 Year Ago 283 Views
This Question has Been Answered!
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
22416 Taxation Questions Answered!
Post a Question