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Nick and Nicole Are Both 68 Years Old and File

question 246

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Nick and Nicole are both 68 years old and file a joint return. They have AGI of $15,000 and receive nontaxable Social Security payments of $4,200 during the current year. What is the amount of the tax credit for the elderly?


Definitions:

Personal Control

The belief in an individual’s capacity to influence and direct their own environment and outcomes.

AIDS

Acquired Immunodeficiency Syndrome, a chronic, potentially life-threatening condition caused by the human immunodeficiency virus (HIV) attacking the immune system.

Energy

The capacity to do work or the physical and mental strength that enables an individual to perform activities.

Visitors

People who come to see or spend time with others, especially as guests or tourists.

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