Paragraph Individual Tax Chapter 6 Homework Problem 6-1 Styles Child Tax Credit (LO 6.1) Calculate the child tax credit for the following taxpayers. a. Jeremy is a single (head of household) father with $80,100 of AGI and has a dependent 8-year-old son: $700 and Ann have $100,000 of AGI, file jointly, and claim two dependent preschool children: $2000 C. James and Apple have AGI of $117,300, file jointly, and daim two dependent children (ages 7 and 10 Problem 6-3 (LO 6.2) Select either Yes" or "No" to indicate whether the statement is one of the rules that all taxpayens must meet in order to claim the earned income credit (EIC) a. AGI may not be higher than set limits b. Foreign income excdusion not permitted c. Investment income cannot exceed $3,400 (2016 limit) d. Married filing separately not allowed e. Must have earned income f. Taxpayer, spouse and all qualifying children must have a SSN g. Only U.S. citizens can claim the credit h. Taxpayer must have at least one qualifying child Problem 6-4 (LO 6.2) Select either "Yes" or "No" to indicate if the following is a rule that applies to taxpayers without a qualifying child looking to claim the El 12 10 F9 F8 F7 #6 F5 F4