Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Joaquin (31) is not married. He shared his home all year with his girlfriend, Monica (25), and Monica's son, Henry (3). Henry is not related

Joaquin (31) is not married. He shared his home all year with his girlfriend, Monica (25), and Monica's son, Henry (3). Henry is not related to Joaquin. Joaquin provided more than half the cost of maintaining the home, and he provided more than 50% support for Monica and Henry. Joaquin's wages were $26,575; Monica's gross income was $4,150; Henry's was $0. Does Joaquin meet the qualifications for claiming the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit? Choose the best answer.

1. Joaquin is eligible to claim the Child Tax Credit/Additional Child Tax Credit.

2. Joaquin is eligible to claim the Other Dependent Credit.

3. Joaquin is not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Concepts And Applications

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain

10th Edition

0324376154, 978-0324376159

More Books

Students also viewed these Accounting questions