To be a qualifying relative, who has to live in the home of the taxpayer for the entire year? Multiple Choice Cousin. Stepchild. Father. Child.

A qualifying individual for the purposes of the child and dependent care expenses credit includes all of the following except: Multiple Choice A dependent under the age of 13. An adult child who is incapable of caring for himself/herself, who lived with the taxpayer for at least half of the year. A dependent child, age of 17 who attends school full time. A spouse who is incapable of caring for himself/herself, who lived with the taxpayer for at least half of the year.

In connection with the application of the kiddie tax, comment on the following. A. The child has only earned income . B. The child has a modest amount of unearned income. C. The child is age 20, is not a student, and is not disabled. D. The child is married E. Effect of the parental election. F. The result when the parental election is made and the married parents file separate returns.

Klp.3   Demeter is a single taxpayer. Her AGI during the tax year is $175,000. Demeter may claim a child tax credit for her daughter Persephone, age 4. What amount of child tax credit is Demeter entitled to claim on her tax return?

Question 25 of 50. Lisa would like to claim her granddaughter, Amani, as her qualifying child so she can claim the Earned Income Credit (EIC). However, Amani's mother, Taya, is also eligible to claim Amani as her qualifying child for EIC purposes and would like to do so if she is able. As Lisa's tax preparer, what information would you share with Lisa? As long as Lisa files before Taya, she may claim EIC based on Amani, her qualifying child. O Lisa and Taya may agree to each claim one-half of the EIC based on Amani, their qualifying child. O Lisa may claim EIC based on Amani if her adjusted gross income was higher than Taya's. O Taya holds a higher right and may claim EIC based on Amani because Taya is Amani's parent. Mark for follow up Question 26 of 50

A8

Child care expenses are generally deductible by the spouse with higher income in a two parents household.   Question 5 options:   True   False

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Mark for follow up Question 6 of 15. Maggie is a neighbor of yours who lives with her parents. She is 20 years old and has a one-year-old child. You know that Maggie was a full-time student until she quit college at the end of September of the tax year. Maggie gives you her tax documents and tells you that her mother said to claim herself and to claim her child for EITC. To meet the EITC due diligence knowledge requirement, you: Cannot ignore the facts about Maggie living with her mother for nine months of the year when she was a full-time student Can disregard information obtained through a personal relationship. Cannot complete Maggie's return under any circumstances. Can complete Maggie's return filing her as a single non-dependent with EITC for her child. Mark for follow up « Back Save/Return Later Summary Next »

Select one of choices (estate tax, inheritance tax, and gift tax) for the blank.   ( ) is a tax on the right to receive property from a decedent. ( ) is a tax levied on the right to transfer property during a taxpayer’s lifetime. ( ) is a tax that imposed on the right to pass property at death. ( ) is imposed on transfers made during the owner’s life time. (        ) is imposed on the transferor at death. ( ) is imposed on the recipient.