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28 Sep 2019
12. Individuals without children are eligible for the earned incomecredit if they meet all the
following conditions except
A) file married filing separately.
B) at tax year end are at least age 25 but not more than age64.
C) for the tax year are not a dependent of another taxpayer.
D) the United States is their principal place of residence for morethan one-half of the tax year.
13. A taxpayer will be ineligible for the earned income credit ifhe or she has disqualified investment income of more than $3,150.Disqualified income includes all the following except
A) net capital gains.
B) tax-exempt interest.
C) net rental income.
D) self-employment income.
14. Max and Alexandra are married and incur $5,500 of qualifyingexpenses to care for their two children, ages 2 and 5. Max's earnedincome is $35,000 and Alexandra's earnings from a part-time job are$5,000. What is the amount of the qualifying expenses for purposesof computing the child and dependent care credit?
12. Individuals without children are eligible for the earned incomecredit if they meet all the
following conditions except
A) file married filing separately.
B) at tax year end are at least age 25 but not more than age64.
C) for the tax year are not a dependent of another taxpayer.
D) the United States is their principal place of residence for morethan one-half of the tax year.
13. A taxpayer will be ineligible for the earned income credit ifhe or she has disqualified investment income of more than $3,150.Disqualified income includes all the following except
A) net capital gains.
B) tax-exempt interest.
C) net rental income.
D) self-employment income.
14. Max and Alexandra are married and incur $5,500 of qualifyingexpenses to care for their two children, ages 2 and 5. Max's earnedincome is $35,000 and Alexandra's earnings from a part-time job are$5,000. What is the amount of the qualifying expenses for purposesof computing the child and dependent care credit?
following conditions except
A) file married filing separately.
B) at tax year end are at least age 25 but not more than age64.
C) for the tax year are not a dependent of another taxpayer.
D) the United States is their principal place of residence for morethan one-half of the tax year.
13. A taxpayer will be ineligible for the earned income credit ifhe or she has disqualified investment income of more than $3,150.Disqualified income includes all the following except
A) net capital gains.
B) tax-exempt interest.
C) net rental income.
D) self-employment income.
14. Max and Alexandra are married and incur $5,500 of qualifyingexpenses to care for their two children, ages 2 and 5. Max's earnedincome is $35,000 and Alexandra's earnings from a part-time job are$5,000. What is the amount of the qualifying expenses for purposesof computing the child and dependent care credit?
Beverley SmithLv2
28 Sep 2019
