Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ingrid (43) and Daniel (48) are married but have lived apart since March 15, 2020. They have no divorce decree or separate maintenance agreement. They
Ingrid (43) and Daniel (48) are married but have lived apart since March 15, 2020. They have no divorce decree or separate maintenance agreement. They are both U.S. citizens and have valid social security numbers. Ingrid will not file a joint return with Daniel. Ethan (16), their son, went with Ingrid when she moved out and has lived with her since. Ingrid paid all the household expenses after they moved out. She did sign Form 8332, Release/Revocation of Claim to Exemption for Child by Custodial Parent so Daniel could claim Ethan. Together, Ingrid and Daniel provided more than 50% of Ethan's support. Ethan provided 5% of his own support. Daniel's wages were $27,000; Ingrid's were $29,850; Ethan's gross income was $1,525. Ingrid had no foreign income or investment income. Question 29 of 65. What is Ingrid's correct and most favorable 2020 filing status? Single. Married filing jointly. Married filing separately. Head of household. Qualifying widow(er). Mark for follow up Question 30 of 65. Is Ingrid eligible to claim the Child Tax Credit (CTC) and Additional Child Tax Credit (if the CTC is limited), or the Other Dependent Credit for any potential dependent? Choose the best response. Ingrid is eligible to claim the Child Tax Credit/Additional Child Tax Credit. Ingrid is eligible to claim the Other Dependent Credit. Ingrid is not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit. Mark for follow up Question 31 of 65. Is Ingrid eligible to claim and receive the Earned Income Credit? Yes No Tim (49) and Deborah (50) are married and want to file together. They have two children, Jude (20) and Skyler (15), who both lived with their parents all year. They are all U.S. citizens and have valid social security numbers. Jude is single, not a student, and he has a part-time job. Skyler is single and still in high school. Neither Jude or Skyler provide more than 50% support for themselves. Tim's wages were $31,250; Deborah's wages were $19,000; Jude's gross income was $5,300; Skyler's was $0. Tim and Deborah had no foreign income and $350 of dividends. Question 37 of 65. What is Tim and Deborah's correct and most favorable 2020 filing status? Single. Married filing jointly. Married filing separately. Head of household. Qualifying widow(er). Question 38 of 65. What is Jude's dependency status for Tim and Deborah? Qualifying Child Dependent. Qualifying Relative Dependent. He is not a dependent of Tim and Deborah. Question 39 of 65. What is Skyler's dependency status for Tim and Deborah? Qualifying Child Dependent. Qualifying Relative Dependent. He is not a dependent of Tim and Deborah. Question 40 of 65. Are Tim and Deborah eligible to claim the Child Tax Credit (CTC) and Additional Child Tax Credit (if the CTC is limited), or the Other Dependent Credit for any potential dependent? Choose the best response. Tim and Deborah are eligible to claim the Child Tax Credit/Additional Child Tax Credit. Tim and Deborah are eligible to claim the Other Dependent Credit. Tim and Deborah may claim both the Child Tax Credit and the Other Dependent Credit. Tim and Deborah are not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit. Question 41 of 65. Is Tim eligible to claim and receive the Earned Income Credit? Yes No
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started