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13 July, 08:40

The federal income tax credit for dependent children doubled from $1,000 to $2,000 from 2017 to 2018. If the credit continued doubling each year, what would it be in 2020?

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  1. 13 July, 10:11
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    Since it says "Double" it means you're multiplying by 2 each time. So the answer is 8,000.

    (17-18) 1,000x2=2,000

    (18-19) 2,000x2=4,000

    (19-20) 4,000x2=8,000
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