Question
Jim (49) and Linda (50) are married. They have two children, Todd (20) and Traci (15), who both lived with their parents all year. Todd
Jim (49) and Linda (50) are married. They have two children, Todd (20) and Traci (15), who both lived with their parents all year. Todd has a part-time job, and Traci is still in high school. Jim and Linda provide more than 50% support for both children. Jims wages were $26,500; Lindas wages were $16,805; Todds gross income was $5,100; Tracis was $0.
What is Jim's correct and most favorable 2017 filing status?
Single.
Married filing jointly.
Married filing separately.
Head of household.
Qualifying widow(er).
What is Jim's greatest number of personal and dependent exemptions allowed for 2017?
1
2
3
4
Is Jim eligible to claim and receive the Earned Income Tax Credit?
Yes.
No.
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