Bob and Carol File Their Tax Returns Using the Married

Multiple Choice

Bob and Carol file their tax returns using the married filing jointly status. Their AGI is $132,500. They have two children, ages 11 and 7. How much child tax credit can Bob and Carol claim for their two children?

A) $0
B) $2,000
C) $2,850
D) $4,000
E) None of the above is correct