Rose and Walter are married with two qualifying children: Te…

Rose and Walter are married with two qualifying children: Teresa (age 15) and Bill (age 21). Bill is a full-time college student. The couple reports AGI of $165,000. What amount of child and other dependent tax credits may the couple claim for 2025? (ignore any applicable phase out limitation)

Martin (age 29) and Paula (age 28), a married couple filing…

Martin (age 29) and Paula (age 28), a married couple filing a joint return, and have one child (age 7). They had the following income and deductions in 2025 :   Salary income$209,000Interest income (taxable)$13,000Deductible IRA contributions (a for AGI deduction)$12,000Itemized deductions$37,000Child tax credit$2,000Withholdings$31,000   What amount of taxable income must Martin and Paula report?