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Basic Scenario 5: Jasmine Harris Interview Notes Jasmine is single and turned 72 years old on October 1, 2023. Jasmine worked as a public

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Basic Scenario 5: Jasmine Harris Interview Notes Jasmine is single and turned 72 years old on October 1, 2023. Jasmine worked as a public historian at the local library and earned wages of $32,000. Jasmine also received Social Security benefits of $16,500. She received a taxable pension of $14,000. . She retired from her previous job on October 30, 2020. During her career she contributed pretax dollars to a qualified 401(k) retirement plan through her employer. Jasmine cannot be claimed as a dependent by another taxpayer. Jasmine is a U.S. citizen with a valid Social Security number. Basic Scenario 5: Test Questions 9. Jasmine does not qualify to claim the Earned Income Tax Credit because: a. She does not meet the age requirement b. She exceeds the earned income requirement c. She does not have a qualifying child d. Both a and b 10. Jasmine must take her first required minimum distribution by April 1, 2025. a. True b. False Basic Scenario 4: Jack and Diane Gibson Interview Notes Jack and Diane are married and will file a joint return. Diane is a U.S. citizen with a valid Social Security number. Jack is a resident alien with an Individual Taxpayer Identification Number (ITIN). Diane worked in 2023 and earned wages of $32,000. Jack worked part-time and earned wages of $18,000. The Gibsons have two children: Keith, age 12 and Hanna, age 18. The Gibsons provided the total support for their two children, who lived with them in the U.S. all year. Keith and Hanna are U.S. citizens and have valid Social Security numbers. Basic Scenario 4: Test Questions 7. The Gibsons qualify for the Credit for Other Dependents. a. True b. False 8. The Gibsons qualify for the Earned Income Tax Credit even though Jack has an ITIN. a. True b. False

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