question 13 (1 point)\nthe 2017 tax cuts and jobs act made changes to the child tax credit by______the…

question 13 (1 point)\nthe 2017 tax cuts and jobs act made changes to the child tax credit by______the amount of earned income a taxpayer must have to qualify\nand______the amount of credit for each qualifying child.\no a increasing; increasing\nb decreasing; increasing\no c decreasing; decreasing\nd increasing; decreasing\n\nquestion 14 (1 point)\nfor 2018, a single taxpayer with a taxable income of $13,530 will calculate income tax liability\na by multiplying the total taxable income by the 10 percent rate.\nb by multiplying the total taxable income by the 12 percent rate\no c by using percentage tax rates from three different tax brackets.\nd by using percentage tax rates from the lower two tax brackets.

question 13 (1 point)\nthe 2017 tax cuts and jobs act made changes to the child tax credit by______the amount of earned income a taxpayer must have to qualify\nand______the amount of credit for each qualifying child.\no a increasing; increasing\nb decreasing; increasing\no c decreasing; decreasing\nd increasing; decreasing\n\nquestion 14 (1 point)\nfor 2018, a single taxpayer with a taxable income of $13,530 will calculate income tax liability\na by multiplying the total taxable income by the 10 percent rate.\nb by multiplying the total taxable income by the 12 percent rate\no c by using percentage tax rates from three different tax brackets.\nd by using percentage tax rates from the lower two tax brackets.

Answer

Brief Explanations:

For Question 13: The 2017 Tax Cuts and Jobs Act decreased the earned - income requirement for the Child Tax Credit and increased the credit amount per qualifying child. For Question 14: In 2018, the U.S. income tax system was a progressive tax system. For a single taxpayer with a taxable income of $13,530$, the first $9,525$ was taxed at 10% and the amount over $9,525$ ($13,530 - 9,525=4,005$) was taxed at 12%. So, it used the lower two tax brackets.

Answer:

Question 13: B. decreasing; increasing Question 14: D. by using percentage tax rates from the lower two tax brackets.