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Many Many Thanks QUESTION 32 0 points) Elliot, age 21. is currently a full-time student at an in-state university. Elliot lived in his parents home
Many Many Thanks
QUESTION 32 0 points) Elliot, age 21. is currently a full-time student at an in-state university. Elliot lived in his parents home for three months of the year and he was away at school for e rest of the year. He received $7,000 in scholarships this year for his outstanding academic performance which he used to pay his tuition. Elliot also earned $5,200 in eges working a part-time job during the year. His parents paid a total of $6,000 to support Elliot while he was away at college. Elliot used the scholarship and his earnings Om his part-time job toward his own support. Elliot's parent's AGI is $150,000. The amount of child and other dependents tax credit Elliot's parents may claim in 2020 is: 5500 $2,000. $2.500 $0 none of the above. QUESTION 33 0 points) Amy filed her tax return on time but did not pay the balance due of $2,000 with her return. She paid the balance due four and one-half months late. The total enalty Amy could be assessed is: $500 $40. $45. 550 none of the aboveStep by Step Solution
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