Nate and Nikki Have Two Dependent Children Ages 12 and 15.Their

question 2

Multiple Choice

Nate and Nikki have two dependent children ages 12 and 15.Their modified AGI is $410,000.What is the amount of the child credit to which they are entitled?

• A)$0
• B)$500
• C)$3,500
• D)$4,000

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Definitions:

Median

The value separating the higher half from the lower half of a data sample or probability distribution.

Positively Skewed Distribution

A distribution where the tail is longer on the right side of the peak, indicating that most data points are on the left.

Interquartile Range

A measure of statistical dispersion, represented by the difference between the 25th and 75th percentiles of a dataset.

Median

The middle value in a dataset when it is arranged in ascending or descending order, or the average of the two middle values if the dataset has an even number of observations.