7. Boyd and Susan are married filing jointly in 2016. They have three children for...
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7. Boyd and Susan are married filing jointly in 2016. They have three children for whom they may claim the child tax credit. Their AGI was $115,000. What amount of child tax credit may they claim on their 2016 tax return? Assume phase-out threshold for MFJ is $110,000. A. $0. B. $3,000 . C. $2,750 . D. $250. E. None of the above
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