Problem based on child tax credit


George and Martha are married and file a joint tax return claiming their two children, ages 10 and 8 as dependents. Assuming their AGI is $123,450, George and Martha's child tax credit is:

a. $0,

b. $750.

c. $1,300.

d. $2,000.

e. None of the above.

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Accounting Basics: Problem based on child tax credit
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