Miltary Scenario 5: Josse and Nicolo James pinction: , jesse and Nicole are married and want to file a joint return. . jesse and Nicole have an 1 a year old son, Darron, who lived with them the entiro year. . jesse was 2024 . - Aental property: - Nicole is an active participant. - Single family residence at 724 Main Streot, Your City. Your State, Your Zip , Purchased proporty: 5/3/2016 - Rented: 1/1/2023 to 12/31/2023 Annual rental income: $23,150 , Insurance: \$1,715 - Management fees: $950 - Nicole paid \$2,195 to repiace a hot water heater, ropair a faucet, and caulk the bathtub. She fixed the faucet herseif and foels her time completing the repair was worth $150 compared to the estimate from the plumber, Real estate property tax: $3,100 Mortgage Interest: $3,850 Depreciation: $2,400 (annual amount previously calculated by Nicole's accountant) Nicole did not make any payments that require her to file Form 1099 ey did not itemize last year and do not have enough deductions to itemize this year a schedule A, Itemized Deductions b. Schedule C. Profit or Loss From Business c. Schedule D. Capital Gains or Losses d. Schedule E, Supplemental Income and Loss 4 combat pay 3. May increase the Earned Income Credit b. Is reported on Form W-2 Box 12 with Code Q c. May increase the Additional Child Tax Crecit d. All of the above 15. Which of the following credits can be claimed for their son, Darren? a. Child Tax Credit b. Credit for Other Dependents. c. Earned Income Credit (Not counting his combat pay) d. Both b and c