Bob and Carol File Their Tax Returns Using the Married

question 72

Multiple Choice

Bob and Carol file their tax returns using the married filing jointly status.Their AGI is $131,000.They have two children,ages 11 and 7.How much child tax credit can Bob and Carol claim for their two children?

• A)$2,000
• B)$1,000
• C)$1,050
• D)$950
• E)None of the above is correct

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Definitions:

Acquiring Corporation

A company that purchases or acquires another company, either in part or entirely.

Voting Shares

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