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Rhianna and Jay Are Married Filing Jointly in 2020

question 149

Multiple Choice

Rhianna and Jay are married filing jointly in 2020. They have six children under age 17 for whom they may claim the child tax credit. Their AGI was $419,400. What amount of child tax credit may they claim on their 2020 tax return?


Definitions:

Croissants

A type of light, flaky pastry originating from France.

Bagels

A type of bread product originating from the Jewish communities in Poland, known for its dense, chewy texture and a hole in the middle.

Supply

The total amount of a specific good or service that is available to consumers at a particular price level.

Demand

The amount of a product or service that buyers are prepared and capable of buying at different price levels over a specified time frame.

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