Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jim is a single dad who lives with and provides 10

Jim is a single dad who lives with and provides 100% of the financial support for...

70.2K

Verified Solution

Question

Accounting

Jim is a single dad who lives with and provides 100% of thefinancial support for his three children. Jim's children were 10,14 and 19 as of the last day of 2015.

Jim's Adjusted Gross Income (AGI) is $96,000 for the year2015.

How much Child Credit will Jim get on his 2015 tax return?

A. 1050

B. 950

C. 2000

D. 850

Answer & Explanation Solved by verified expert
3.8 Ratings (461 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

propagate errors for magnitude and theta. magnitude(aka R) = sqrt(Rx2+Ry2) tetha = arctan(Ry/Rx) unclear on how to get...

Physics
1.2K views

Suppose one gallon of gasoline produces 1.19×108 J of energy, and this energy is sufficient to...

General Management
1.2K views

How would Vice President of Purchasing make report for this to give to VP Operations? Kiosks shall...

Finance
1.2K views

28) The additional funds needed by the firm can be calculated by assuming which of the...

Basic Math
1.2K views

10 What is the missing statement in step 4 Read the proof Given AE LEC...

Calculus
1.2K views

Find the following parameters for the figure shown a The expression or equation for this...

Accounting
1.2K views

Prepare the entry to record the exchange of assets by Pronghorn C0. (List all debit...

Accounting
1.2K views

Change in Estimate Assume that Bloomer Company purchased a new machine on January 1, 2017,...

Accounting
1.2K views

below are the steps in the measurement process of external transaxtions. rank them from first...

Accounting
1.2K views

Sandpiper Company tiene 25,000 acciones preferentes acumulativas del 1%, $150 a la par y 50,000...

Finance
1.2K views

Calculate how much money a prospective homeowner would need for closing costs on a house...

Finance
1.2K views

Mini Case: EAST COAST YACHTS GOES PUBLIC Larissa Warren and Dan Ervin have been discussing...