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Problem - The Tiller family has an adjusted gross income of $200,000. The Tillers have two children, ages 12 and 13, who qualify as dependents. All of the Tillers' income is from wages. What is the Tillers' child tax credit and what portion of their child tax credit is refundable?
Child Tax Credit
Refundable Portion
a.
$4,000
$0
b.
$1,400
c.
$2,000
d.
(Journal entries and statements for a Pension Trust Fund) The City of Green Meadows has had an employee pension fund for several years.
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