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the Problems 1, 6, 12, 15, 22, 24 - and explain 1.Calculate the total 2022 child and other dependent credit for the following taxpayers. Please
the Problems 1, 6, 12, 15, 22, 24 - and explain 1.Calculate the total 2022 child and other dependent credit for the following taxpayers. Please show your work. a. Jeremy is a single (head of household) father with $80,100 of AGI and has a dependent 8-year-old son. b. Jerry and Ann have $100,000 of AGI, file jointly, and claim two dependent preschool (under the age of 6) children. c. James and Apple have AGI of $430,300, file jointly, and claim three dependent children (ages 7, 10, and 19). 6. Diane is a single taxpayer who qualifies for the earned income credit. Diane has two qualifying children who are 3 and 5 years old. During 2022, Diane's wages are $19,800 and she receives dividend income of $1,200. Calculate Diane's earned income credit using the EIC table in Appendix B. 12. Mary and John are married and have AGI of $100,000 and two young children. John doesn't work, and they pay $6,000 a year to day care providers so he can shop, clean, and read a little bit in peace. How much child and dependent care credit can Mary and John claim? Why? 15. Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2022, Susan's income is $43,120 and Stan's is $12,000 and both are self-employed. They also have $500 in interest income from tax-exempt bonds. The Collins enrolled in health insurance for all of 2022 through their state exchange but did not elect to have the credit paid in advance. The 2022 Form 1095-A that the Collins received from the exchange lists the following information: Annual premiums $9,800 Annual premium for the designated benchmark plan in the state $10,800 Compute the Collins' premium tax credit for 2022. 22. Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2022. They pay $8,000 in 2021 and $7,500 in 2022 for qualified adoption expenses. In 2022, Carl and Jenny have AGI of $150,000. a. What is the adoption credit Carl and Jenny can claim in 2022? b. How much credit could they claim if the adoption falls through and is never finalized? c. How much credit could they claim if their AGI was $229,410? 24. In 2022, Jeff spends $6,000 on solar panels to heat water for his main home. What is Jeff's credit for his 2022 purchases
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