Child Tax Credit
Response to the following problem:
Compute the child tax credit for each of the following taxpayers.
a. Jay and Marie Stockton file a joint return and claim their three children, all under age 17, as dependents. The Stocktons' AGI is $121,400.
b. DJ files as head of household. He claims his twin sons, age 4, as dependents. DJ's AGI is $80,340.
c. Jenn files as head of household. She claims her 12-year-old daughter as a dependent. Jenn's AGI is $78,450.