Denise Is Divorced and Files a Single Tax Return Claiming

question 16

Multiple Choice

Denise is divorced and files a single tax return claiming her two children, ages 7 and 9, as dependents.Her AGI for 2018 is $81,500.Denise's child tax credit for 2018 is:

• A)$0
• B)$1,000
• C)$1,000.
• D)$2,000
• E)$4,000

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Definitions:

Revenue

The overall revenue accrued from the sales of products or services pertinent to a company's main business activities.

Spending Variances

The gap between what was planned to be spent according to the budget and the real amount expended.

Activity Variances

The differences between the budgeted and actual costs of activities performed by a business.

Meals Served

The total number of individual meal portions provided or sold during a specific time frame, often used in the food service industry to measure output.