Question
Greg (45) and Penny (45) are married. Their sons, Theo (18) and Oliver (14), who are both high school students, lived with them all year.
Greg (45) and Penny (45) are married. Their sons, Theo (18) and Oliver (14), who are both high school students, lived with them all year. The boys received more than 50% of their support from their parents. Greg's wages were $52,000; Penny's wages were $38,750; Theo's gross income was $7,200; Oliver's was $350.
1)
What is Greg's correct and most favorable 2019 filing status?
Single.
Married filing jointly.
Married filing separately.
Head of household.
Qualifying widow(er).
2)
Do Greg and Penny meet the qualifications for claiming the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit? Choose the best answer.
Greg and Penny may only claim the Child Tax Credit.
Greg and Penny may only claim the Other Dependent Credit.
Greg and Penny may claim both the Child Tax Credit and the Other Dependent Credit.
3)
Is Greg eligible to claim and receive the Earned Income Tax Credit?
Yes.
No.
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