Nate and Nikki Have Two Dependent Children Ages 12 and 15

question 1854

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) $500
• B) $0
• C) $3,500
• D) $4,000

---

Definitions:

Tort

A civil wrong that causes harm or loss, leading to legal liability.

Principal

The original sum of money borrowed in a loan or invested, excluding any interest or dividends.

Business Activity

Business activity involves actions taken by companies or entrepreneurs to produce, sell, or trade goods and services to generate profit.

General Rule

A widely accepted standard or procedure that is typically followed in a particular field or situation.