Julia and Omar Are Married and File a Joint Tax

question 72

Multiple Choice

Julia and Omar are married and file a joint tax return.They have two dependent daughters,ages 14 and 18.If their AGI is $98,000,what amount of child tax credit can they claim?

• A)$1,000.
• B)$2,000.
• C)$1,650.
• D)$0.

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Definitions:

Q

In economics, often denotes quantity, such as the amount of goods and services produced or consumed.

Behaviorist Economists

Economists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Economic Behavior

The actions taken by individuals, businesses, and governments in producing, distributing, and consuming goods and services, often studied to predict patterns.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and direct state involvement in certain industries.