1. Which of the following statements is CORRECT in regard to parents of a qualifying child, where the childs only income is $5,000 in unearned interest and dividends?

a.) The parents are not able to claim a Child Credit for their child. b.) The parents may complete Form 8814 reporting the income on their income tax return, or have the child file a return and calculate income tax utilizing Form 8615. c.) The parents must complete Form 8814 reporting the income on their income tax return, and have the child file a return and calculate income tax utilizing Form 8615