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these are all True/False taxation questions 2. The amount of the adoption credit is not affected by the amount of the taxpayer's adjusted gross income
these are all True/False taxation questions
2. The amount of the adoption credit is not affected by the amount of the taxpayer's adjusted gross income (AGI) when the taxpayer adopts a child with special needs. 3. All taxpayers must include a state income tax refund in their gross income in the year the refund is received. 4. When a married taxpayer files separately and decides to deduct her itemized deductions, her spouse may deduct the greater of the regular standard deduction or itemize deductions on his tax return. . 5. -The tax liability on $50,000 of taxable income would be the same if computed using the tax rate schedule and the tax table. 6. The Internal Revenue Code (Code) does not define income comprehensively. When there is no custodial parent, the parent with the least amount of AGI gets to claim the earned income credit for the qualifying child. 7. 8. Unemployment compensation is included in the recipient's gross income. 9. To qualify for the earned income credit, the taxpayer must maintain a home for at least one qualifying child. 10. In determining whether a dependent must file a tax return, the additional standard deduction for both age and blindness increase the dependent's gross income threshold Step by Step Solution
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