Curly and Rita Are Married, File a Joint Return, and Have

question 93

Multiple Choice

Curly and Rita are married, file a joint return, and have two dependent children, ages 11 and 13. Their AGI is $117,000. By how much is their child credit reduced in 2015?

• A)$0
• B)$300
• C)$350
• D)$700
• E)$7,000

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Definitions:

Hold Back

The act of withholding part of a payment or benefit until certain conditions are met or to exert control or influence over a situation.

Bona Fide Purchaser

A person who buys something in good faith without notice of any previous claim or lien against the property.

Good Title

A rightful or legitimate claim to the ownership of property or legal recognition of the ownership of property.