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Curly and Rita Are Married,file a Joint Return,and Have Two

question 58

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Curly and Rita are married,file a joint return,and have two dependent children,ages 11 and 13.Their AGI is $116,000.By how much is their child credit reduced in 2013?


Definitions:

Law of Small Numbers

A cognitive bias that leads people to make unjustified conclusions based on limited data.

Risks

The potential for losing something of value, or the uncertainty regarding the outcome of an action or decision.

Probability

The likelihood or chance of an event occurring, often expressed as a number between 0 and 1.

Small-Numbers Bias

A situation in markets where the fewness of buyers or sellers can significantly impact the negotiation power and market outcomes.

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