Question
1) Erin paid her neighbor $5,700 during 2021 to watch her daughter, Jasmine (age 5), while she worked. If Erins AGI is $50,000, what amount
1) Erin paid her neighbor $5,700 during 2021 to watch her daughter, Jasmine (age 5), while she worked. If Erins AGI is $50,000, what amount of the dependent care credit would she be able to claim?
A. $2,850
B. $4,000
C. $5,700
D. $8,000
2) Ross has two sons, a 5 year old who is a qualifying child, and an 18 year old who is a qualifying dependent. Ross files as head of household. What is the total amount of the child tax credit will Ross be able to claim in 2021 if his AGI is $100,000? Hint: Select the total of the Child Tax Credit plus the Additional Child Tax Credit for 2021.
A. $4,000
B. $4,100
C. $5,100
D. $6,000
E. $6,600
3) Evan and his wife, Jolie, have two daughters who are both considered their qualifying children. Evan and Jolie file a joint return. What is the total amount of child tax credit will they be able to claim in 2021 if their AGI is $170,000 and their daughters are 4 and 7? Hint: Select the total of the Child Tax Credit plus the Additional Child Tax Credit for 2021.
A. $5,000
B. $5,600
C. $6,200
D. $6,600
E. $7,200
4) In 2021, Tanya and Bob are both 26 years old and they have one qualifying child. Their filing status is married filing joint, and netiher are claimed as a dependent on anothers return. All of their income ($28,000) is from wages earned working at their jobs. They do not have any for AGI deductions. What amount can Tanya and Bob claim as an earned income tax credit in 2021?
A. $0
B. $404
C. $3,214
D. $3,618
E. None of the above
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