Question
Wade (49) and Colleen (50) are married. They have two children, Jacob (20) and Lucella (15), who both lived with their parents all year. Jacob
Wade (49) and Colleen (50) are married. They have two children, Jacob (20) and Lucella (15), who both lived with their parents all year. Jacob is not a student, but he has a part-time job. Lucella is still in high school. Wade and Colleen provide more than 50% support for both children. Wade's wages were $27,500; Colleen's wages were $17,900; Jacob's gross income was $5,100; Lucella's was $0. Does Wade meet the qualifications for claiming the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit? Choose the best answer.
1. Wade is eligible to claim the Child Tax Credit/Additional Child Tax Credit.
2. Wade is eligible to claim the Other Dependent Credit.
3. Wade is not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit.
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