Mr and Mrs Kain reported $80,000 AGI on their joint return. The couple has four dependent children: Beatrice, age 19; Bruce, age 16; Angie, age 11, and Arnold, age 8. Compute the Kains' child credit.

Question

Quizplus · Accepted Answer

The Kains can claim the child tax credit for Bruce, Angie, and Arnold, as they are under 17. The credit is $2,000 per qualifying child, so 3 children x $2,000 = $6,000. Beatrice, at age 19, does not qualify for the child tax credit.

Mr and Mrs Kain Reported $80,000 AGI on Their Joint