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With regard to the Earned Income Credit (EIC): Select one: a. The lower the income, the higher the EIC. b. Claiming additional income may increase

With regard to the Earned Income Credit (EIC):

Select one:

a. The lower the income, the higher the EIC.

b. Claiming additional income may increase or decrease the amount of the EIC.

c. A taxpayer with five (5) qualifying children would get a bigger EIC than one with only three (3) qualifying children.

d. None of these.

To claim an exemption from federal income tax withholding for the 2021 tax year:

Select one:

a. Your tax liability for 2020 was less than $1,000.

b. Your 2020 AGI was below the filing threshold for your filing status.

c. You must expect to have no federal income tax liability for 2021.

d. a) and c), above.

e. b) and c), above.

For divorced or separated parents, who together provided over half of the childs support, if all other conditions are met, which parent can generally claim the child as a dependent?

Select one:

a. The parent who provided the majority of the financial support.

b. The parents can split the exemption between themselves.

c. The parent who spent the most time with the child.

d. The parent who had custody of the child for the greater part of the year.

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