Denise is divorced and files a single tax return claiming her two children, ages 7 and 9, as dependents. Her AGI for 2016 is $81,500. Denise's child tax credit for 2016 is:

Question

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For 2016, the child tax credit is $1,000 per qualifying child. Denise has two qualifying children, so the total credit is $2,000. However, the credit begins to phase out at an AGI of $75,000 for single filers. For every $1,000 over the threshold, the credit is reduced by $50. Denise's AGI is $6,500 over the threshold, reducing the credit by $325, resulting in a total credit of $1,675. However, since the choices provided do not include $1,675, the closest correct choice is $1,650.

Denise Is Divorced and Files a Single Tax Return Claiming