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Author Question: Nate and Nikki have three dependent children ages 12, 15, and 17. Their modified AGI is $120,000. ... (Read 30 times)

Mollykgkg

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Question 1

Lewis, who is single, is claimed as a dependent on his parents' tax return. He received $2,000 during the year in dividends, which was his only income. What is his standard deduction for 2016?
◦ $1,050
◦ $2,000
◦ $2,350
◦ $6,300

Question 2

Nate and Nikki have three dependent children ages 12, 15, and 17. Their modified AGI is $120,000. What is the amount of the child credit to which they are entitled?
◦ $0
◦ $500
◦ $1,500
◦ $2,000


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Marked as best answer by Mollykgkg on Sep 13, 2020

nothere

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Mollykgkg

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Reply 2 on: Sep 13, 2020
Excellent


nanny

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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