Compute the nonrefundable and refundable child tax credit


Refundable Child Tax Credit

Response to the following problem:

Pat and Diedra Dobson file a joint tax return for 2014. The Dobsons' AGI is $30,700, of which $27,300 is taxable wages. The Dobsons take the standard deduction and claim as dependents their two teenage children, ages 13 and 15. Other than the child tax credit, the Dobsons do not claim any nonrefundable personal tax credits. Compute the Dobsons' nonrefundable and refundable child tax credit.

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Taxation: Compute the nonrefundable and refundable child tax credit
Reference No:- TGS02109115

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