Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 1 - Scenario 3 Brenda (53) is unmarried, her two daughters, Zoe (22) and Alanis (19), and her granddaughter Ava lived with her the

Part 1 - Scenario 3

Brenda (53) is unmarried, her two daughters, Zoe (22) and Alanis (19), and her granddaughter Ava lived with her the entire year. Alanis was a full-time student at Your Local Community College, and she received a scholarship that covered the cost of her tuition and related expenses. Zoe was not a student. Ava is Zoe's daughter. They are all U.S. citizens and have valid social security numbers. Brenda paid a total of $11,700 of the cost of maintaining the home, and Zoe paid $10,300 of the cost of maintaining the home. No one else paid any of their expenses. Brendas only income was from wages of $38,350 and interest of $35. Brenda had no foreign income. Zoes wages were $17,570; Alanis and Ava had no income and did not contribute towards their own support. Zoe will file her own return and claim Ava as her dependent. Brenda will claim any dependents she is qualified to claim

1.What is Zoe's dependency status for Brenda?

a.Qualifying Child Dependent.

b. Qualifying Relative Dependent.

c. She is not a dependent of Brenda.

2.What is Ava's dependency status for Brenda?

Qualifying Child Dependent.

Qualifying Relative Dependent.

She is not a dependent of Brenda.

3.What is Alanis' dependency status for Brenda?

Qualifying Child Dependent.

Qualifying Relative Dependent.

She is not a dependent of Brenda.

4.Is Brenda 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.

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

b. Brenda is eligible to claim the Other Dependent Credit.

c.Brenda may claim both the Child Tax Credit and the Other Dependent Credit.

d. Brenda 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

Cash, Corruption And Economic Development

Authors: Vikram Vashisht

1st Edition

1032096888, 9781032096889

More Books

Students also viewed these Accounting questions

Question

Develop the state equations for Prob. 16.1.

Answered: 1 week ago

Question

What is a protective action?

Answered: 1 week ago

Question

Does it use a maximum of two typefaces or fonts?

Answered: 1 week ago