Question
Use 2019 Tax. Kimberly has recently married Dean. Both taxpayers are 23 years old. They have one dependent child, Amber age 3. Calculate Kimberly and
Use 2019 Tax. Kimberly has recently married Dean. Both taxpayers are 23 years old. They have one dependent child, Amber age 3.
Calculate Kimberly and Dean’s tax liability and tax credits based on the following information:
Kimberly’s W-2 $5,000
Dean’s W-2 $7,000
Kimberly’s unemployment compensation $8,000
Dean’s unemployment compensation $9,000
2. What is the maximum earned income credit a family (MFJ) with one child can receive?
3. What are the basic rules for claiming the earned income credit? (e.g. Who qualifies? What affect does filing status have on the credit? How much is refundable?, etc.)
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1 Kimberly and Deans tax liability and tax credits Tax refund 3164 Tax credit 3584 Description Amount Kimberlys Wages 5000 Deans Wages 7000 Kimberlys ...Get Instant Access to Expert-Tailored Solutions
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Get StartedRecommended Textbook for
Essentials Of Federal Taxation 2018
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
9th Edition
1260007642, 978-1260150292, 1260150291, 978-1260007640
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