Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 1 - Scenario 2 Hannah (25) is unmarried and was a full-time student from January through June. Hannah worked part-time but did not provide

Part 1 - Scenario 2

Hannah (25) is unmarried and was a full-time student from January through June. Hannah worked part-time but did not provide more than 50% support for herself or her son, Elijah (1). They are both U.S. citizens and have valid social security numbers. Hannah and Elijah lived with Hannahs mother, Denise (49), the entire year. Hannahs earned income and AGI were $6,950. Denise's were $29,715. Hannah did not have any foreign income or investment income. Elijahs income was $0. Hannah will claim Elijah if she qualifies to do so.

Question 5 of 65.

What is Hannah's correct and most favorable 2020 filing status?

Single.

Married filing jointly.

Married filing separately.

Mark for follow up

Question 6 of 65.

What is Elijah's dependency status for Hannah?

Qualifying Child Dependent.

Qualifying Relative Dependent.

He is not a dependent of Hannah.

Mark for follow up

Question 7 of 65.

Is Hannah eligible to claim the Child Tax Credit (CTC) and Additional Child Tax Credit (if the CTC is limited), or the Other Dependent Credit for any potential dependent? Choose the best response.

Hannah is eligible to claim the Child Tax Credit and/or Additional Child Tax Credit.

Hannah can claim the Other Dependent Credit.

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

Mark for follow up

Question 8 of 65.

Is Hannah eligible to claim and receive the Earned Income Credit?

Yes No

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

Financial Statements Analysis Cases From Corporate India

Authors: Sandeep Goel

1st Edition

1138663921, 9781138663923

More Books

Students also viewed these Accounting questions

Question

Does the duty to accommodate apply in this case?

Answered: 1 week ago