Question
Using 2021 tax law, indicate: the taxpayers' correct and most favorable filing status; whether the taxpayer is eligible to claim either the Child Tax Credit
Using 2021 tax law, indicate: the taxpayers' correct and most favorable filing status; whether the taxpayer is eligible to claim either the Child Tax Credit and/or the Other Dependent Credit; and whether the taxpayer is eligible to claim and receive the Earned Income Credit. Numbers in parentheses indicate age. The taxpayer is the first individual named. Gwyneth (25) is unmarried and was a full-time student from January through June. Gwyneth worked part-time but did not provide more than 50% support for herself or her son, Saul (1). They are both U.S. citizens and have social security numbers that are valid for employment. Gwyneth and Saul lived with Gwyneth's mother, Joan (49), the entire year. Gwyneth's earned income and AGI were $7,278. Her mother, Joan, has an AGI of $30,225 in 2021, which is higher than her AGI in 2019. Gwyneth did not have any foreign income or investment income and Saul's income was $0. Gwyneth's earned income was less in 2019. Gwyneth would like to claim Saul if she is qualified to do so.
Question 6 of 81.
What is Gwyneth's correct and most favorable 2021 filing status?
Single.
Married filing jointly.
Married filing separately.
Head of household.
Qualifying widow(er).
Question 7 of 81.
What is Saul's dependency status for Gwyneth?
Qualifying Child Dependent.
Qualifying Relative Dependent.
He is not a dependent of Gwyneth.
Question 8 of 81.
Is Gwyneth eligible to claim the Child Tax Credit and/or the Other Dependent Credit for any potential dependent? Choose the best response.
Gwyneth is eligible to claim the Child Tax Credit.
Gwyneth is eligible to claim the Other Dependent Credit.
Gwyneth is not eligible to claim the Child Tax Credit or the Other Dependent Credit.
Question 9 of 81.
Is Gwyneth eligible to claim and receive the Earned Income Credit?
Yes.
No.
Question 10 of 81.
Is Gwyneth eligible to utilize the 2019 lookback provision for the Earned Income Credit?
Yes.
No.
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