George and Martha Are Married and File a Joint Tax

question 44

Multiple Choice

George and Martha are married and file a joint tax return claiming their two children, ages 10 and 8 as dependents.Assuming their AGI is $119,650, George and Martha's child tax credit is:

• A)$0.
• B)$1,000.
• C)$1,500.
• D)$2,000.
• E)None of the above.

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Diversity Jurisdiction

A form of jurisdiction in U.S. federal courts allowing for the hearing of cases involving parties from different states or countries, provided the amount in controversy meets a specified minimum.

Subject Matter Jurisdiction

The power granted to a court to handle cases within a particular category or linked to distinct subject areas.

In Personam Jurisdiction

Legal authority for a court to make decisions affecting a particular person's rights or obligations.

Jurisdiction in Rem

A legal principle allowing courts to exercise authority over a property regardless of the owner's location.