Assuming all other tests are met, how much expense can Miranda use to calculate her credit? Miranda paid $13,000 for Kailee's care, but Alex stayed at a friend's house, so there were no expenses for him. Question 40 of 75.Miranda has two qualifying children for the Child and Dependent Care Credit, Kailee (5) and Alex (9). What is the maximum amount Cheron may potentially be able to claim for the credit for other dependents? Her adjusted gross income (AGI) is $184,000. Question 39 of 75.Cheron files single and claims her daughter, Xandra (24). Question 37 of 75.When taxpayers file jointly and only one spouse is liable for a past due debt that is offset or will be offset, the other spouse can be considered a(n):ĭependent Related Credits Question 38 of 75.What two situations may cause a taxpayer's Child Tax Credit to be limited or excluded?ġ) Tax liability, and 2) modified adjusted gross income above the phaseout thresholds.ġ) Earned income above the phaseout thresholds, and 2) taxpayer age.ġ) Modified adjusted gross income above the phaseout thresholds, and 2) three or more children.ġ) Tax liability, and 2) earned income above the phaseout thresholds. Bran owes $4,450 in delinquent student loan payments. Their joint return results in a refund that is not dependent on any refundable credits. Jian owes back child support.īran has earned income and files a joint return with his wife, Naomi. Jian was a stay-at-home dad and had no earned income. Yared misrepresented the amount of tax withheld when he filed a joint return with his wife, Zoe.Ĭarmen and Jian file a joint return, which results in a refund that includes refundable credits. Stan was married before and bought a car for his ex-wife. Stan and Rina file a joint return that results in a refund that includes refundable credits. Question 36 of 75.Which of the following taxpayers might benefit from filing Form 8379, Injured Spouse Allocation ? Jacinda is able to claim either the full standard deduction or one-half of Xavier's itemized deductions, whichever is greater.īecause they are married, even though not filing jointly, Jacinda is required to take one-half of the amount of Xavier's itemized deductions as her standard deduction. She is required to itemize deductions on her return. Jacinda can use the full standard deduction of $12,950 or itemized deductions if she has enough to exceed that number.īecause Xavier is itemizing, Jacinda may not use the standard deduction. What are Jacinda's options regarding itemizing on her federal return? On his separately filed return, Xavier claims itemized deductions in the amount of $15,223. Question 35 of 75.Jacinda decides to file separately from her husband, Xavier. With an extension of time to file the joint return. Question 34 of 75.A request for relief by separation of liability can only be made: Please help me get the best choices for these tax knowledge questions
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