1. In 2020, Jimmy Joe Jackson had earned income of $14,400 and qualified for both a $300 nonrefundable tax credit and a $1,000 refundable tax credit. In 2020, he had no federal income tax withheld. Based solely on these facts, Jimmy Joe Jackson should receive a federal income tax refund of:

Question 1 options:

1)

$1,300

2)

$1,100

3)

$1,000

4)

$1,200

5)	None of these

2. In 2020, what is the earned income credit allowed Bob Barker, a head of household taxpayer, assuming he has adjusted gross income of $8,502 and earned income of $5,202? He maintains his household with his daughter.

Question 2 options:

1)

$1,709

2)

$2,899

3)

$1,777

4)

$0

5)	None of the above answers are within $20 (plus or minus) of the correct answer.

3. In 2020, what is the maximum amount that Mr. Jones, over 65 and blind, may take as a credit for the elderly --taking into account the income tax limitation-- assuming that Mr. Jones receives non-taxable Social Security Benefits of $6,000 and adjusted gross income of $18,000?

Question 3 options:

1)

$1,125

2)

$113

3)

$30

4)

$0

5)	None of these

4. In 2020, Bob and Tina Sebastian maintain a home and they have two children. Their earned income was $21,001 and adjusted gross income was $23,001. They file a joint return. What is the amount, if any, of their earned income tax credit for the year?

Question 4 options:

1)

5,528

2)

5,563

3)

5,142

4)	None of the above answers (within $20 plus or minus) are correct.