Question
The maximum amount of the American Opportunity Credit (AOC) is _____ a. $1,650 b. $1,800 c. $2,000 d. $2,500 Marisa may NOT use Form 1040A
The maximum amount of the American Opportunity Credit (AOC) is _____
a. $1,650
b. $1,800
c. $2,000
d. $2,500
Marisa may NOT use Form 1040A to file her 2017 return if ____
a. Her income is from wages and an IRA distribution
b. She received a traditional IRA distribution that resulted in a 10% penalty
c. She qualifies for and reports educator expenses
d. Her taxable income is less than $100,000.
Craig may NOT use Form 1040EZ to file his 2017 return if ____
a. He claims his son, Bronson.
b. His taxable income is less than $100,000
c. His is age 47 and not blind
d. His filing status is single.
Claiming Child and Dependent Care Credit is NOT allowed for taxpayers who are ____
a. Employed
b. Self-Employed
c. Actively searching for employment
d. Married filing separately.
The Child and Dependent Care Credit:
a. Phases out completely when the taxpayers AGI reaches $29,000.
b. Phases out completely when the taxpayers AGI reaches $38,500.
c. Phases out completely when the taxpayers AGI reaches $43,000.
d. Never phases out. There is AGI limit.
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