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Calculate the Total Child Tax Credit and Other Dependent Credit

Question 58

Essay

Calculate the total child tax credit and other dependent credit for the following taxpayers. Please show your work.
a. Ninfa is a single mother with 8-year-old and 9-year-old dependent sons and has $50,000 of AGI.
b. Sharon and Mark have one dependent 2-year-old child and $426,300 of AGI.
c. Carol is single and has one dependent 18-year-old son and $21,000 of AGI.

Correct Answer:

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a. $4,000. Ninfa's income is less than t...

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