Curly and Rita Are Married, File a Joint Return, and Have

question 87

Multiple Choice

Curly and Rita are married, file a joint return, and have two dependent children, ages 11 and 13. Their AGI is $117,000. By how much is their child credit reduced in 2016?

• A)$0
• B)$300
• C)$350
• D)$700
• E)$7,000

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Definitions:

Airline Industry

A sector comprising companies that provide air transport services for traveling passengers and freight.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but slightly differentiated, leading to non-price competition.

Automobile Industry

A global sector that involves the manufacturing, marketing, and selling of motor vehicles.

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in print, broadcast, or online media.