Question

The use of the earned income credit could result in a taxpayer receiving a refund even though he or she has not paid any income taxes.

True

False

Select either "Yes" or "No" to indicate whether the statement is one of the rules that all taxpayers must meet in order to claim the earned income credit (EIC).

a. AGI may not be higher than set limits b. Foreign income exclusion not permitted c. Investment income cannot exceed $3,500 (2018 limit) d. Married filing separately not allowed e. Must have earned income f. Taxpayer, spouse and all qualifying children must have a SSN g. Only U.S. citizens can claim the credit h. Taxpayer must have at least one qualifying child

Answer 1

The use of the earned income credit could result in a taxpayer receiving a refund even though he or she has not paid any income taxes.

True

a. Yes

b. No.

c. Yes

d. Yes

e. Yes

f. Yes

g. No

h. No

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