Which one of the following statements is correct with regard to the child tax credit?...
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Accounting
Which one of the following statements is correct with regard to the child tax credit?
a. The credit is $500 per qualifying child for tax years beginning in 2017.
b. The credit is not subject to income phase out.
c. To qualify for the credit, a dependent child must be less than 14 years old.
d. A qualifying child must be the taxpayers dependent.
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