Tim (49) and Deborah (50) are married and want to file together. They have two children, Jude (20) and Skyler (15), who both lived with their parents all year. They are all U.S. citizens and have valid social security numbers. Jude is single, not a student, and he has a part-time job. Skyler is single and still in high school. Neither Jude or Skyler provide more than 50% support for themselves. Tim’s wages were $31,250; Deborah’s wages were $19,000; Jude’s gross income was $5,300; Skyler’s was $0. Tim and Deborah had no foreign income and $350 of dividends. Question 4 Are Tim and Deborah eligible to claim the Child Tax Credit (CTC) and Additional Child Tax Credit (if the CTC is limited), or the Other Dependent Credit for any potential dependent? Choose the best response. Tim and Deborah are eligible to claim the Child Tax Credit/Additional Child Tax Credit. Tim and Deborah are eligible to claim the Other Dependent Credit. Tim and Deborah may claim both the Child Tax Credit and the Other Dependent Credit. Tim and Deborah are not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit. Question 5 Is Tim eligible to claim and receive the Earned Income Credit? Yes No
Tim (49) and Deborah (50) are married and want to file together. They have two children, Jude (20) and Skyler (15), who both lived with their parents all year. They are all U.S. citizens and have valid social security numbers. Jude is single, not a student, and he has a part-time job. Skyler is single and still in high school. Neither Jude or Skyler provide more than 50% support for themselves. Tim’s wages were $31,250; Deborah’s wages were $19,000; Jude’s gross income was $5,300; Skyler’s was $0. Tim and Deborah had no foreign income and $350 of dividends.
Question 4
Are Tim and Deborah eligible to claim the Child Tax Credit (CTC) and Additional Child Tax Credit (if the CTC is limited), or the Other Dependent Credit for any potential dependent? Choose the best response.
Question 5
Is Tim eligible to claim and receive the Earned Income Credit?
| Yes |
No |
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