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1. In 2020, what is the earned income credit allowed Don Andersen, a head of household taxpayer, assuming he has adjusted gross income of $9,500

1.

In 2020, what is the earned income credit allowed Don Andersen, a head of household taxpayer, assuming he has adjusted gross income of $9,500 and earned income of $5,000? He maintains his household with his daughter.

Question options:

1)

$2004

2)

$2049

3)

$3239

4)

$0

5)

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

The alternative minimum tax ("AMT") tax formula begins with __________ and ends with ____________ .

Question 4 options:

1)

taxable income ("TI") ; AMT

2)

adjusted gross income ("AGI") ; AMT

3)

tentative minimum tax ("TMT") ; AMT

4)

None of the above

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