Austin HaneyMorehead State University
 Mr. and Mrs. Robinson are both over age 65 and file ajoint return. Their adjusted gross income was $26,700. TheRobinsonsâ tax before credits is $10. How much can they claim as acredit for the elderly?
C. $(120) D. $1,125
 For the current year, Gannon Corporation has U.S. taxableincome of $500,000, which includes $100,000 from a foreigndivision. Gannon paid $45,000 of foreign income taxes on the incomeof the foreign division. Assuming Gannonâs U.S. income tax for thecurrent year before credits is $105,000, its maximum Foreign TaxCredit for the current year is
A. $45,000 B. $20,000 C. $21,000 D. $24,000
 The following information pertains to Wald Corporationâsoperations for the current year:
Worldwide taxable income
U.S. source taxable income
U.S. income tax before Foreign Tax Credit
Foreign nonbusiness-related interest earned
Foreign income taxes paid on nonbusiness-related interestearned Other foreign source taxable income Foreign income taxespaid on other foreign source taxable income
$300,000 180,000 63,000
What amount of Foreign Tax Credit may Wald claim for thecurrent year?
A. $18,900 B. $24,900 C. $36,000 D. $25,200
 On April 1, 2018, Toni Painta hired a qualified ex-felonto perform duties related to her business. Toni paid the employee atotal of $6,500 during 2018. The employee worked a total of 800hours during the year. What is the amount Toni may claim as a workopportunity credit?
B. $2,400 C. $2,600 D. $3,000