Enrique and Anna Filed a Joint Tax Return and Reported

question 81

Essay

Enrique and Anna filed a joint tax return and reported modified AGI of $112,000.They have one qualifying child.What is the amount of their child tax credit?

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Definitions:

OLED TVs

A type of television screen technology that uses organic light-emitting diodes to produce images, known for their high quality in terms of color and brightness.

LCD TVs

Television sets that use Liquid Crystal Display technology to produce images, known for their slim profiles and energy efficiency.

Marginal Rate

The rate at which something changes as an immediate result of a one-unit increase, often used in economics to describe tax rates or production costs.

Transformation

The process of changing or converting something from one form or state to another, often referring to industrial, business, or technological changes.