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Andru [333]
3 years ago
6

Bruce and Kim are married and will file a joint return. They have four children who are all qualifying children for purposes of

the child tax credit. They have no other credits. Their AGI is $48,300 and the tax is $1,270. What is the amount of their child tax credit on line 12a of Form 1040?
Business
2 answers:
astraxan [27]3 years ago
7 0

Answer and Explanation:

$ 1000 per qualified children, for the purpose of child tax credit.

Reptile [31]3 years ago
7 0

Answer:

<em><u>The answer is</u></em>: <u>$ 8,000.</u>

<u />

Explanation:

The child tax credit is a tax credit worth up to $ 2,000 for a qualifying child and $ 500 for a qualified dependent in 2019. It is one of the three federal tax credits focused on children that are among the most effective ways to reduce your tax bill.

Therefore, if they have 4 qualified children multiplied by $ 2,000, the amount would be $ 8,000.

<em><u>The answer is</u></em>: <u>$ 8,000.</u>

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