Tim (49) and Deborah (50) are married and want to file together. They have two children, Jude (20) and Skyler (15), who both lived with their parents all year. They are all U.S. citizens and have valid social security numbers. Jude is single, not a student, and he has a part-time job. Skyler is single and still in high school. Neither Jude or Skyler provide more than 50% support for themselves. Tims wages were $31,250; Deborahs wages were $19,000; Judes gross income was $5,300; Skylers was $0. Tim and Deborah had no foreign income and $350 of dividends.

Question 1

What is Tim and Deborah's correct and most favorable 2020 filing status?

Single.

Married filing jointly.

Married filing separately.

Head of household.

Qualifying widow(er).

Question 2

What is Jude's dependency status for Tim and Deborah?

Qualifying Child Dependent.

Qualifying Relative Dependent.

He is not a dependent of Tim and Deborah.

Question 3

What is Skyler's dependency status for Tim and Deborah?

Qualifying Child Dependent.

Qualifying Relative Dependent.

He is not a dependent of Tim and Deborah.

Question 4

Are Tim and Deborah 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.

Tim and Deborah are eligible to claim the Child Tax Credit/Additional Child Tax Credit.

Tim and Deborah are eligible to claim the Other Dependent Credit.

Tim and Deborah may claim both the Child Tax Credit and the Other Dependent Credit.

Tim and Deborah are not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit.

Mark for follow up

Question 5 Is Tim eligible to claim and receive the Earned Income Credit?

Yes

No