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You are a volunteer at an abc Free Tax Clinic. Your first client is Jane, a single mother of three children who are all under

You are a volunteer at an abc Free Tax Clinic. Your first client is Jane, a single mother of three children who are all under the age of 12 and lived with her the entire year. She comes to you with the following information:

Her gross wages (before ANY payroll deductions) were $45,000

She contributed 3% of her wages to her employer's 401(k) retirement savings plan

She paid $2,600 in healthcare premiums (through employer payroll deductions)

She paid $750 for summer day camp for the kids (while she worked)

She prepaid $2,400 in federal income taxes

She prepaid $800 in state income taxes

You tell Jane that she is eligible to take the Child Tax Credit for her children. You then do some calculations to show her how much credit she can take. Limiting your answer to the nonrefundable tax credits on Jasmine's tax return, how much of the Child Tax Credit can Jane recognize on her tax return?

a. $6,000.

b. $5,708.

c. $1,648.

d. $2,048.

In addition to the Child Tax Credit, what other tax credit(s) can Jane recognize on her tax return?

1.Credit for Child and Dependent Care

2.Retirement Savings Contribution Credit

3.Earned Income Credit

4.Refundable Portion of Child Tax Credit

a. 1 only.

b. 1 and 2 only.

c. 1, 2, and 3 only.

d. All the above.

How much is the refund that Jane can expect to get on her tax return? Assume that the client can claim an Earned Income Tax Credit in the amount of $3,591.

Question 32 options:

b. $9,974.

c. $9,323.

a. $10,191.

d. $9,003.

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