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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 30: Special Tax Computation Methods,tax Credits,and Payment of Tax
  5. Question
    Taxpayers with Income Below Phase-Out Amounts Are Allowed a Child
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Taxpayers with Income Below Phase-Out Amounts Are Allowed a Child

Question 31

Question 31

True/False

Taxpayers with income below phase-out amounts are allowed a child credit of $2,000 for each qualifying child under age 19 or under age 24 if a full-time student.

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