Question
Chris, age 22, and Marcie, age 24, are married and will file a joint return. They cannot be claimed as dependents by another taxpayer.
Chris, age 22, and Marcie, age 24, are married and will file a joint return. They cannot be claimed as dependents by another taxpayer. Chris and Marcie have no children or other dependents. Both work and neither are full-time students. Chris earned wages of $18,600 and Marcie earned wages of $6,500. Chris and Marcie are U.S. citizens and have valid Social Security numbers. Chris and Marcie received an Economic Impact Payment (EIP3) of $2,800 in March 2021. 4. What is the amount of the EIP3 that Chris and Marcie must include in their taxable income for 2021? $ [1] |
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
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