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Bob and Carol file their tax returns using the married filing jointly status. Their AGI is $131,000. They have two children, ages 11 and 7. How much child tax credit can Bob and Carol claim for their two children?

Select one:

a. $1,000

b. $2,000

c. $950

d. $1,050

e. None of the above is correct.

Accounting Basics, Accounting

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  • Reference No.:- M946060

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