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Assume all the following taxpayers do not have a qualifying child for EIC purpose, their earned income is the same as their AGI, and their

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Assume all the following taxpayers do not have a qualifying child for EIC purpose, their earned income is the same as their AGI, and their investment income is less than $3,500. Which person(s) below is eligible for EIC? Select one: a. Jeff and Michelle (both age 28), married, with a combined AGI of $22,600 b. Naomi (age 35), single, with AGI of $15,920 C. Alfonso (age 65), single, with AGI of $13,000 d. Thomas (age 25), single, with AGI of $13,500 John and Mary have three children: Robin, age 15; Maggie, age 16; and Louise, age 17. John and Mary's modified AGI is $78,000, and their tax liability is $4,500. They file Married Filing Jointly and claim all three children as qualifying dependents on their return. What amount of child tax credit/credit for other dependents do they qualify to claim? Select one: a. $4,000 * This answer is incorrect. $4,000 is the amount for the two qualifying dependents under age 17, but John and Mary may also claim the ODC. b. $2,000 c. $4,500 d. $6,000

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