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What is the amount of credit for other dependents

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Problem 1: Tom and Darla are married and have three children, ages 5, 11, and 18 years old. Their modified AGI is $68,000, and their tax liability on Form 1040, line 12a is $4,847. They claim $1,200 of education credits on Schedule 3 (Form 1040), lines 3. What is the amount of their child tax credit/credit for other dependents?

Select one:

a. $3,300 This answer is incorrect. $3,300 amount is the total CTC and ODC minus the other nonrefundable tax credits ($4,500 - $1,200 = $3,300).
b. $3,647
c. $4,500
d. $2,800

Reference no: EM132675442

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