Order the answer to: Miguel and Katrina have 2 children under age 17, have

Custom Writings law-business-law Order the answer to: Miguel and Katrina have 2 children under age 17, have

law-business-law

Order the answer to: Miguel and Katrina have 2 children under age 17, have

Question Miguel and Katrina have 2 children under age 17, have earned income of $16,000, and pay $1,836 in Social Security tax. Their tax liability is $1,050 before the child credit. a. What amount can they claim as a child credit, and what portion of the credit is refundable? b. Assume the same facts as in part a, except that Miguel and Katrina have 3 children under age 17 and are not eligible for the earned income credit. Their tax liability is $800 before the child credit. What amount can they claim as a child credit, and what portion of the credit is refundable?
Subject law-business-law
Ready to try a high quality writing service? Get a discount here