Question

Ian earned $150,000 of salary as an employee in 2020. How much should his employer have...

Ian earned $150,000 of salary as an employee in 2020. How much should his employer have withheld from his paycheck for FICA taxes (rounded to the nearest whole dollar amount)?

A) $2,175

B) $10,712

C) $8.537

D) $11,475

Boyd and Susan are married filing jointly in 2020. They have three children for whom they may claim the child tax credit. Their AGI was $415,000. What amount of child tax credit may they claim on their 2020 tax return?

A) $0

B) $3,000

C) $5,250

D) $6,000

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