Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brian (53) is unmarried. His daughter, Amelia (22) and son, Michael (19), and Amelia's daughter Maria (5) lived with him the entire year. Michael was

Brian (53) is unmarried. His daughter, Amelia (22) and son, Michael (19), and Amelia's daughter Maria (5) lived with him the entire year. Michael was a full-time student at Your Local Community College, and he received a scholarship that covered the cost of his tuition and related expenses. Amelia was not a student. They are all unmarried U.S. citizens and have social security numbers that are valid for employment. Brian paid a total of $13,600 of the cost of maintaining the home, and Amelia paid $10,300 of the cost of maintaining the home. No one else paid any of their expenses. Brian's income from wages was $39,752 and had interest income of $35. His earned income in 2021 was $4,200 greater than his earned income in 2019. He had no foreign income. Amelia's wages were $18,250; Michael and Maria had no income and did not contribute towards their own support. Amelia will file her own return and claim Maria as her dependent. Brian will claim any dependents he is qualified to claim.

Question 11 of 81.

What is Brian's correct and most favorable 2021 filing status?

Single.

Married filing jointly.

Married filing separately.

Head of household.

Qualifying widow(er).

Question 12 of 81.

What is Maria's dependency status for Amelia?

Qualifying Child Dependent.

Qualifying Relative Dependent.

Not a dependent.

Question 13 of 81.

What is Michael's dependency status for Amelia?

Qualifying Child Dependent.

Qualifying Relative Dependent.

Not a dependent.

Question 14 of 81.

What is Amelia's correct and most favorable 2021 filing status?

Single.

Married filing jointly.

Head of household

Question 15 of 81.

What is Michael's dependency status for Brian?

Qualifying Child Dependent.

Qualifying Relative Dependent.

He is not a dependent of Brian.

Question 16 of 81.

Is Brian eligible to claim the Child Tax Credit and/or the Other Dependent Credit for any potential dependent? Choose the best response.

Brian is eligible to claim the Child Tax Credit.

Brian is eligible to claim the Other Dependent Credit.

Brian is eligible to claim the Child Tax Credit and the Other Dependent Credit.

Brian is not eligible to claim the Child Tax Credit or the Other Dependent Credit.

Question 17 of 81.

Is Brian eligible to claim and receive the Earned Income Credit?

Yes.

No.

Question 18 of 81.

Is Brian eligible to utilize the 2019 lookback provision for the Earned Income Credit?

Yes.

No.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And GRC Automation In SAP

Authors: Maxim Chuprunov

1st Edition

3642353010, 9783642353017

More Books

Students also viewed these Accounting questions