Howard Is Single and Has a Son Age 15

question 3

Multiple Choice

Howard is single and has a son age 15.Howard's adjusted gross income for 2016 is $80,000.What amount can he claim for the child tax credit?

• A)$- 0 -
• B)$250
• C)$350
• D)$750
• E)$1,000

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Definitions:

Money Supply

The entirety of cash, coins, and checking and savings account balances that make up the financial assets in an economy at a specific point in time.

Inflation

The rate at which the comprehensive cost levels of goods and services rise, diminishing the effectiveness of financial power.

Unemployment

The condition where people who are able and willing to work cannot secure jobs despite actively looking for one.

Economists

Specialists in understanding how products and services are made, allocated, and consumed, while investigating economic trends and challenges.