5. To qualify for the additional child tax credit: a. b. All of these are required to qualify for the additional child tax credit The typical child tax credit must be limited by tax liability. The taxpayer must have at least one qualifying child. The taxpayer must have earned income of over $2,500. C. d. 6. Which of the following is not a requirement to claim an eamed income credit? a. b. US citizenship or resident alien status At least one child claimed as a dependent At least $1 of earned income Social Security number C. d. 7. An asset (not an automobile) placed in service in June 2020 has a depreciable basis of $35,000 and a recovery period of 5 years. Assuming bonus depreciation is used, a half-year convention, and no expensing election, what is the maximum amount of cost that can be deducted in 2020? a. b. C. d. $24,500 $21,000 $7,000 $17,500 $35,000 e. Jenny constructed a building for use as a residential rental property. The cost of the building w $164,976, and it was placed in service on August 1, 1998. The building has a 27.5-year MAC life. What is the amount of depreciation on the building for 2020 for tax purposes? a a. b. C. $2,250 $3,000 $6,000 $6,547 None of the above d. e