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1. In 2021, Alison purchased an electric vehicle for $50,000. Her Adjusted Gross Income is $100,000. The electric vehicle qualified for the maximum allowed amount

1. In 2021, Alison purchased an electric vehicle for $50,000. Her Adjusted Gross Income is $100,000. The electric vehicle qualified for the maximum allowed amount of Plug-In Electric Vehicle Credit. How much of a Plug-In Electric Vehicle Credit can Alison claim on her 2021 Federal Income Tax Return?

Group of answer choices

a. $0

b. $2,000

c. $7,500

d. $10,000

2. In 2021, Ron and Nancys filing status was Married Filing Joint, and their Adjusted Gross Income was $120,000. They had 2 dependent children that were 10 years old and 12 years old. How much of a Recovery Rebate Credit are Ron and Nancy eligible for in 2021?

Group of answer choices

a. $0

b. $2,800

c. $1,200

d. $5,600

3. Jack invested in stocks based in countries outside of the United States. As a result of those investments, in 2021, Jack paid $1,000 of income tax to foreign countries. How much of a credit can Jack claim for Foreign Taxes Paid, on his Federal Income Tax Return?

Group of answer choices

a. $1,000

b. $500

c. $250

d. $0

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