Question

Taxpayer and Spouse are a married couple filing a joint return and claiming the standard deduction....

Taxpayer and Spouse are a married couple filing a joint return and claiming the standard deduction. The couple have the following two dependents. During 2019, the couple earned salary of $4430,000 and interest on corporate bonds of $12,000. Determine the total amount of Child Tax Credit and Credit for Other Dependents to which Taxpayer is entitled for the year. Child 1, age 8 at 12/31/19 Child 2, age 17 at 12/31/19

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