15. that's the following scenario correctly describes income limitations on credit for the tax year 2023. A. Married filing jointly couple has two qualifying children age 6 and 8 the taxpayer has a a W-2 and the spouse has been a full-time volunteer with a local charity they have child care expenses of $4,500 for the year they can take the child and dependent Care credit. B. A head of the household taxpayer has three qualifying dependent age 6 9 and 19. C. Their Magi is 115,000 and their tax liability is $21,774.50 the child tax credits will be $6,000
15. that's the following scenario correctly describes income limitations on credit for the tax year 2023. A. Married filing jointly couple has two qualifying children age 6 and 8 the taxpayer has a a W-2 and the spouse has been a full-time volunteer with a local charity they have child care expenses of $4,500 for the year they can take the child and dependent Care credit. B. A head of the household taxpayer has three qualifying dependent age 6 9 and 19. C. Their Magi is 115,000 and their tax liability is $21,774.50 the child tax credits will be $6,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
15. that's the following scenario correctly describes income limitations on credit for the tax year 2023.
A. Married filing jointly couple has two qualifying children age 6 and 8 the taxpayer has a a W-2 and the spouse has been a full-time volunteer with a local charity they have child care expenses of $4,500 for the year they can take the child and dependent Care credit.
B. A head of the household taxpayer has three qualifying dependent age 6 9 and 19.
C. Their Magi is 115,000 and their tax liability is $21,774.50 the child tax credits will be $6,000
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