H and W Are Married and Have Three Children

question 27

Multiple Choice

H and W are married and have three children.At the close of 20x6, the children, X, Y, and Z, were ages 12, 16 and 18 respectively.H and W claim a dependency exemption for each of the children.This year H and W reported adjusted gross income of $104,200.The allowable child tax credit for H and W is

• A)$1,500
• B)$2,000
• C)$400
• D)$550
• E)$0

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