MrAnd MrsLansing,who File a Joint Tax Return,have Four Dependent Children Under

question 15

Multiple Choice

Mr.and Mrs.Lansing,who file a joint tax return,have four dependent children under age 17.Which of the following statements is false?

• A)If the Lansings' AGI is $77,900,their child credit is $4,000.
• B)If the Lansings' AGI is $127,300,their child credit is $3,100.
• C)If the Lansings' AGI is $196,000,their child credit is zero.
• D)None of the above is false.

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Definitions:

Trading Nation

A country whose economy heavily depends on international trade, importing and exporting goods and services as a significant portion of its gross domestic product (GDP).

Fewer Labor Hours

A reduction in the amount of time workers spend engaged in productive activities, usually measured on a weekly or annual basis.

Iceland

An island country in the North Atlantic, known for its dramatic landscape of volcanoes, geysers, hot springs, and lava fields.