Santiago and Amy are married and file a joint tax return claiming their three children, ages...
Santiago and Amy are married and file a joint tax return claiming their three children, ages 7, 14, and 22, as dependents. Their AGI is $128,000.
Santiago and Amy's child tax credit for 2019 is $ ?
and dependent tax credit is $. ?
Homework Answers
The child tax credit can be claimed only for two children since as per act the child needs to be upto 16 year age.And only these two qualifies for such limit.
The child tax credit will be = $2000*2= $4000
The married couple tax credit = $10000
Add Answer to:
Santiago and Amy are married and file a joint tax return
claiming their three children, ages...
Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and...
Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and 18. Their AGI is $114,000. Santiago and Amy's child tax credit is $__?
Santiago and Amy are married and file a joint tax return, claiming as dependents their three...
Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and 18. Their AGI is $112,000. Santiago and Amy's child tax credit
Santiago and Amy are married and file a joint tax return, claiming as dependents their three...
Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and 18. Their AGI is $123,000. Santiago and Amy's child tax credit is
Santiago and Amy are married and file a joint tax return, claiming as dependents their three...
Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and 18. Their AGI is $135,000. Santiago and Amy's child tax credit is $
Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and 18. Their AGI is $122,000. Santiago and Amy's child tax credit is $_______
Santiago and Amy are married and file a joint tax return, claiming as dependents their three children, ages 12, 14, and 18. Their AGI is $122,000. Santiago and Amy's child tax credit is $_______
1. 2. Exercise 13-16 (LO. 4) Santiago and Amy are married and file a joint tax...
1.
2.
Exercise 13-16 (LO. 4) Santiago and Amy are married and file a joint tax return. They have three dependent children, ages 12, 14, and 18. All parties are U.S. citizens. The couple's AGI is $140,000. Santiago and Amy's child tax credit for 2019 is $ x and dependent tax credit is $ x. Problem 13-31 (LO.4) Jason, a single parent, lives in an apartment with his three minor children, whom he supports. Jason earned $27,400 during 2019 and...
13-36 Child Tax Credit. H and W are married with three children. At the close of...
13-36 Child Tax Credit. H and W are married with three children. At the close of 2019, the children, A, B, and C, were ages 2, 6, and 8, respectively. The children qualify as the couple's dependents. Determine the allowable child tax credit for H and W. assuming their modified AGI is a $50,000 b. $100.000 c. $500,000
Don and Cynthia are married, and they will file a joint federal income tax return for...
Don and Cynthia are married, and they will file a joint federal income tax return for 2018. Their 21-year-old daughter, Matilda, is a full-time student at their state university. She is their only dependent. Don and Cynthia are most likely to benefit from which of the following? The personal and dependent exemption. A refundable family tax credit. An adjustment for non-child dependents, reported on Schedule 1. A nonrefundable credit for other dependents.
Mr. and Mrs. Chaulk have three dependent children, ages 3, 6, and 9. Assume the taxable...
Mr. and Mrs. Chaulk have three dependent children, ages 3, 6, and 9. Assume the taxable year is 2019. Compute their child credit if AGI on their joint return is $88,300. Compute their child credit if AGI on their joint return is $462,700. Compute their child credit if AGI on their joint return is $200,000 and assume that they have one non-child dependent who meets the requirements for the child credit.
Harry and Wilma are married and file a joint income tax return. On their tax return,...
Harry and Wilma are married and file a joint income tax return. On their tax return, they report $44,000 of adjusted gross income ($20,000 salary earned by Harry and $24,000 salary earned by Wilma) and claim two exemptions for their dependent children. During the year, they pay the following amounts to care for their 4-year old son and 6- year old daughter while they work. ABC Day Care Center $3,200 Blue Ridge Housekeeping Services 2,000 Mrs. Mason (Harry’s mother) ...
1.
2.
Exercise 13-16 (LO. 4) Santiago and Amy are married and file a joint tax return. They have three dependent children, ages 12, 14, and 18. All parties are U.S. citizens. The couple's AGI is $140,000. Santiago and Amy's child tax credit for 2019 is $ x and dependent tax credit is $ x. Problem 13-31 (LO.4) Jason, a single parent, lives in an apartment with his three minor children, whom he supports. Jason earned $27,400 during 2019 and...
13-36 Child Tax Credit. H and W are married with three children. At the close of 2019, the children, A, B, and C, were ages 2, 6, and 8, respectively. The children qualify as the couple's dependents. Determine the allowable child tax credit for H and W. assuming their modified AGI is a $50,000 b. $100.000 c. $500,000
Most questions answered within 3 hours.
-
Reynold company is considering an investment of $130,000 in
new equipment. The new equipment is expected...
asked 34 seconds ago -
An asset used in a four-year project falls in the five-year
MACRS class (MACRS Table) for...
asked 46 seconds ago -
Break-even time. Hampton Corporation’s research
and development department is presenting a proposal for new product
research....
asked 3 minutes ago -
At Lake Itasca in Minnesota, the Mississippi river is only 25.0
feet wide. If you are...
asked 5 minutes ago -
A 2.0 μF parallel-plate air-filled capacitor is connected
across a 10 V battery.
(a) Determine the...
asked 15 minutes ago -
Write in Python This program:
1. Correct the compute_cells_state function which receives as
parameter an array...
asked 5 minutes ago -
1. What is the difference in the output layer between a neural
network used for classification,...
asked 13 minutes ago -
ECO
2013 &
asked 19 minutes ago -
Insight refers to:
a.
Adaptive decision-making
b.
Credibility and trustworthness
c.
Understanding of one's problems
d....
asked 26 minutes ago -
Explain the differences between rights and permissions within
Windows. Define the principle of least privilege and...
asked 33 minutes ago -
A solid, frictionless cylindrical reel of mass M=5.00kg and
radius R=0.55m is used to draw water...
asked 35 minutes ago -
how do radio waves get emitted from Jupiter?
- do they come from radiation from planet...
asked 36 minutes ago