Questions 16 and 19 please. Thank you!
16. Mia and Noah have four children, ages one month, 13, 15, and 19. Their AGI is $96,500, and their tax liability is $8,322. During the tax year, their 19-year-old son decided to postpone going to college and got a job instead. He earned wages of $7,400 and provided most of his support. They have no other nonrefundable tax credits. What is the amount of their child tax credit/credit for other dependents? a) $8,000 b) $6,000 c) $6,500 d) $4,000 17. Aria and Logan Johnson have two children, Sara, age 2, and Mia, age 4. Logan is an engineer and Aria is a homemaker. The Johnsons paid $8,800 for Sara and Mia to attend daycare during the year. Logan received dependent care benefits from his employer of $2,000. Their AGI is $65,000, and their tax liability is $4,542. How much of the childcare expenses can be used to claim the child and dependent care credit? a) $6,800 b) $4,000 c) $6,000 d) $ 0 18. John has two sons. David is 3-year-old, and Tommy turned 13 on May 1st in 2018. John paid a local daycare provider $12,000 for David from January through December and $3,000 for Tommy from January through June. John's earned income is 60,000. What is the maximum amount of qualified expenses John can use to figure the child and dependent care credit? a) $15,000 b) $ 5,000 C) $ 6,000 d) $ 3,000 19. Amy is single and works part-time at a local company. During the year, she paid $3,800 in tuition and fees to enroll in classes at the local community college. This was her second year attending college to work toward her bachelor's degree. She purchased her course materials from a friend for $300. She had not been convicted of a felony for possessing or distributing a controlled substance at the end of 2018. Her modified adjusted gross income (MAGI) is $38,000. Assuming she otherwise qualifies, which education credit best benefits Amy and what amount of credit is she entitled to claim? a) Lifetime Learning Credit: $820 b) Lifetime Learning Credit: $760 c) American Opportunity Credit: $2,450 d) American Opportunity Credit: $2,500 16. Mia and Noah have four children, ages one month, 13, 15, and 19. Their AGI is $96,500, and their tax liability is $8,322. During the tax year, their 19-year-old son decided to postpone going to college and got a job instead. He earned wages of $7,400 and provided most of his support. They have no other nonrefundable tax credits. What is the amount of their child tax credit/credit for other dependents? a) $8,000 b) $6,000 c) $6,500 d) $4,000 17. Aria and Logan Johnson have two children, Sara, age 2, and Mia, age 4. Logan is an engineer and Aria is a homemaker. The Johnsons paid $8,800 for Sara and Mia to attend daycare during the year. Logan received dependent care benefits from his employer of $2,000. Their AGI is $65,000, and their tax liability is $4,542. How much of the childcare expenses can be used to claim the child and dependent care credit? a) $6,800 b) $4,000 c) $6,000 d) $ 0 18. John has two sons. David is 3-year-old, and Tommy turned 13 on May 1st in 2018. John paid a local daycare provider $12,000 for David from January through December and $3,000 for Tommy from January through June. John's earned income is 60,000. What is the maximum amount of qualified expenses John can use to figure the child and dependent care credit? a) $15,000 b) $ 5,000 C) $ 6,000 d) $ 3,000 19. Amy is single and works part-time at a local company. During the year, she paid $3,800 in tuition and fees to enroll in classes at the local community college. This was her second year attending college to work toward her bachelor's degree. She purchased her course materials from a friend for $300. She had not been convicted of a felony for possessing or distributing a controlled substance at the end of 2018. Her modified adjusted gross income (MAGI) is $38,000. Assuming she otherwise qualifies, which education credit best benefits Amy and what amount of credit is she entitled to claim? a) Lifetime Learning Credit: $820 b) Lifetime Learning Credit: $760 c) American Opportunity Credit: $2,450 d) American Opportunity Credit: $2,500
