Marguerite and Josephus have two children,ages 13 and 10.Their modified AGI is $120,500.What is their child tax credit?
A)$900
B)$1,000
C)$2,000
D)None of the above.

Name: Marguerite and Josephus have two children,ages 13 and 10.Their modified AGI is $120,500.What is their child tax credit? A)$900 B)$1,000 C)$2,000 D)None of the above.
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Quizplus · Accepted Answer

A)$120,500 - $110,000 = 10,500.10,500/1,000 = 10.5,rounded to 11.11 × 50 = $550 reduction.$1,000 - 550 = $450 credit.The two credits total $900.

Marguerite and Josephus Have Two Children,ages 13 and 10