Basic Scenario 5: Jasmine Harris

Interview Notes:

Jasmine is single and turned 72 years old on October 1, 2023.

Jasmine worked as a public historian at the local library and earned wages of $32,000. Jasmine also received Social Security benefits of $16,500. She received a taxable pension of $14,000.

She retired from her previous job on October 30,2020. During her career she contributed pretax dollars to a qualified 401(k) retirement plan through her employer.

Jasmine cannot be claimed as a dependent by another taxpayer.

Jasmine is a U.S. citizen with a valid Social Security number.

Basic Scenario 5: Test Questions

9. Jasmine does not qualify to claim the Earned Income Tax Credit because: a. She does not meet the age requirement b. She exceeds the earned income requirement c. She does not have a qualifying child d. Both a and b

10. Jasmine must take her first required minimum distribution by April 1, 2025. a. True b. False