MrAnd MrsT Have One Dependent and File a Joint Return Which

question 33

Multiple Choice

Mr.and Mrs.T have one dependent and file a joint return which shows taxable income of $96,900, a regular tax liability of $16,475 and an AMT adjusted taxable income of $160,000.The T's also have a child care credit of $480 and a rehabilitation investment credit of $16,000.Determine the amount of the check (without regard to any possible penalties) that Mr.and Mrs.T must send to the IRS, and the amount of tax credits that can be carried back or forward.Assume Mr.and Mrs.T do not qualify for the child tax credit because the dependent is 18 years old and is incapacitated.

• A)$22,413, $16,000
• B)$16,739, $10,000
• C)$14,070, $0
• D)$9,245, $0
• E)$29,400, $16,480

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Definitions:

Internal Integration

The process of ensuring that different parts of an organization work together smoothly and effectively towards common goals.

External Adaptation

The process by which an organization or group adjusts and responds to changes in the external environment to survive and thrive.

Systematic Integration

The organized and methodical incorporation of various elements or components into a cohesive whole.

Institutional Expectations

The norms, values, and standards expected by societal institutions or groups, which influence behavior and practices within organizations.