The statement is True
One cannot claim Education credit in following situation::
a)When you are listed as dependent on someone else tax return
b)your filling status is married filling separately.
c)you already claimed other higher education benefit
Question 13 (1 point) The education credit is not available to a person filing married filing...
Question 1 (1 point) A widow with a dependent child uses the married filing jointly filing status for the two years immediately after the year of the spouse's death. 1) True 2) False Question 2 (1 point) Abe and Tammy divorced in 2009. Abe continues to support Tammy's mother, who lives in a nursing home. Abe cannot claim his mother-in-law as a dependent because she no longer passes the relationship test. ( 1) True 2) False Question 3 (2 point)...
Question 11 (1 point) True or false: A couple cannot claim married filing jointly as their filing status if they were not married more than half of the taxable year. True False Question 12 (1 point) Josh took care of his 5 year old brother for 5 months in 2019. During that time, Josh provided all of the housing and support for his brother. His mother took care of his brother the rest of the year. What would Josh claim...
A married taxpayer with $80,000 of taxable income filling married filing separately will have a larger tax liability than an unmarried taxpayer. True of False
Question 6 (1 point) For purposes of claiming the earned income credit, a married child must be the taxpayer's dependent in order to claim the child as a qualifying child. 2) False 1) True 2) False
A married couple filing jointly with a taxable income of
$295,000 and a $6000 tax credit
The tax code is
mathxl.com mat142 26758 Test: Module 6A Test This Question: 1 pt 9 of 20 (17 complete) Use the 2016 marginal tax rates to compute the tax owed by the following couple. A married couple filing jointly with a taxable income of $295,000 and a $6000 tax credit Click the icon to view the 2016 marginal tax rates. The tax owed...
EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Phase-Out Threshold Married filing jointly $400,000 Married filing separately Head of household and single 200,000 200,000 Source: $24(a) Required information [The following information applies to the questions displayed below. Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use...
Question 40 (1 point) Which of the following statements is not correct regarding the education credit? 1) The lifetime learning credit is 100% nonrefundable. 2 Lower AGI thresholds apply to reduce the American opportunity credit for higher income taxpayers. 3) The lifetime learning credit is available to students who attend graduate school 4 The maximum American opportunity credit is $2,500 for each eligible All of the above statements are connect O bie 0 L * c v BN 142 391
Question 10 (1 point) For purposes of the child and dependent care credit, a dependent child who is not incapacitated must be under age 13. 1) True 2) False
Question 13 1 pts TRUE OR FALSE PRINGLE???? The point (-1, -1) is a saddle point for the function f(x, y) = x2 – 3y2 + 2(x – y). O True O False
Question #1 Milo is required to file a federal tax return? a) True or b) Fales Read scenario: Aurora and Oscar separated in 2017 and divorced in October 2019. She earned $40,000 in wages and paid more than half the cost of keeping up her home in 2019. Aurora and Oscar have a son, Milo, who is 17 years old and unmarried. Aurora signed Form 8332 (Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent) allowing Oscar...