can you please help me answer these questions as well as a little explaination on why. doesnt have to be long just so I can better understand. thank you
17. The Other Dependent Credit is: a. A refundable credit of $500 b. A nonrefundable credit of $500 c. A refundable credit of $1,000 d. A nonrefundable credit of $1,000 18. Excluded Medicaid waiver payments are not considered as earned income for which of the following? a. Earned income Credit b. Child and Dependent Care Credit C. Additional Child Tax Credit d. All of these 19. For a parent to claim a child as a dependent all of the following tests must be met except: a. Citizen or resident test. b. Qualifying child or qualifying relative test. c. Married filing joint test. d. Gross income test. 20. Most refundable credits are reported on Schedule 5, but the following credits are reported directly on Form 1040, Line 17: a. Earned Income Credit, Child Tax Credit, Additional Child Tax Credit b. Child Tax Credit, Credit for Other Dependents, Energy Credit c. Child and Dependent Care Credit, Adoption Credit, Earned Income Credit d. Earned Income Credit, Additional Child Tax Credit, Refundable portion of American Opportunity Credit 21. Which of the following statements is not correct on investment interest? a. Form 4952 is used to determine the deductible investment interest b. Investment income includes interest, dividends, royalties, and annuities. c. Investment income is generally derived from a non-passive activity. d. Investment interest is limited to net investment income. 17. The Other Dependent Credit is: a. A refundable credit of $500 b. A nonrefundable credit of $500 c. A refundable credit of $1,000 d. A nonrefundable credit of $1,000 18. Excluded Medicaid waiver payments are not considered as earned income for which of the following? a. Earned income Credit b. Child and Dependent Care Credit c. Additional Child Tax Credit d. All of these 19. For a parent to claim a child as a dependent all of the following tests must be met except: a. Citizen or resident test. b. Qualifying child or qualifying relative test. c. Married filing joint test. d. Gross income test. 20. Most refundable credits are reported on Schedule 5, but the following credits are reported directly on Form 1040, Line 17: a. Earned Income Credit, Child Tax Credit, Additional Child Tax Credit b. Child Tax Credit, Credit for Other Dependents, Energy Credit c. Child and Dependent Care Credit, Adoption Credit, Earned Income Credit d. Earned Income Credit, Additional Child Tax Credit, Refundable portion of American Opportunity Credit 21. Which of the following statements is not correct on investment interest? a. Form 4952 is used to determine the deductible investment interest b. Investment income includes interest, dividends, royalties, and annuities. c. Investment income is generally derived from a non-passive activity. d. Investment interest is limited to net investment income, 17. The Other Dependent Credit is: a. A refundable credit of $500 b. A nonrefundable credit of $500 c. A refundable credit of $1,000 d. A nonrefundable credit of $1,000 18. Excluded Medicaid waiver payments are not considered as earned income for which of the following? a. Earned income Credit b. Child and Dependent Care Credit C. Additional Child Tax Credit d. All of these 19. For a parent to claim a child as a dependent all of the following tests must be met except: a. Citizen or resident test. b. Qualifying child or qualifying relative test. c. Married filing joint test. d. Gross income test. 20. Most refundable credits are reported on Schedule 5, but the following credits are reported directly on Form 1040, Line 17: a. Earned Income Credit, Child Tax Credit, Additional Child Tax Credit b. Child Tax Credit, Credit for Other Dependents, Energy Credit c. Child and Dependent Care Credit, Adoption Credit, Earned Income Credit d. Earned Income Credit, Additional Child Tax Credit, Refundable portion of American Opportunity Credit 21. Which of the following statements is not correct on investment interest? a. Form 4952 is used to determine the deductible investment interest b. Investment income includes interest, dividends, royalties, and annuities. c. Investment income is generally derived from a non-passive activity. d. Investment interest is limited to net investment income. 17. The Other Dependent Credit is: a. A refundable credit of $500 b. A nonrefundable credit of $500 c. A refundable credit of $1,000 d. A nonrefundable credit of $1,000 18. Excluded Medicaid waiver payments are not considered as earned income for which of the following? a. Earned income Credit b. Child and Dependent Care Credit c. Additional Child Tax Credit d. All of these 19. For a parent to claim a child as a dependent all of the following tests must be met except: a. Citizen or resident test. b. Qualifying child or qualifying relative test. c. Married filing joint test. d. Gross income test. 20. Most refundable credits are reported on Schedule 5, but the following credits are reported directly on Form 1040, Line 17: a. Earned Income Credit, Child Tax Credit, Additional Child Tax Credit b. Child Tax Credit, Credit for Other Dependents, Energy Credit c. Child and Dependent Care Credit, Adoption Credit, Earned Income Credit d. Earned Income Credit, Additional Child Tax Credit, Refundable portion of American Opportunity Credit 21. Which of the following statements is not correct on investment interest? a. Form 4952 is used to determine the deductible investment interest b. Investment income includes interest, dividends, royalties, and annuities. c. Investment income is generally derived from a non-passive activity. d. Investment interest is limited to net investment income