Question

Answer the following Essential Question: Amy, age 18 and full time in college, is a qualified...

Answer the following Essential Question: Amy, age 18 and full time in college, is a qualified dependent to her parents. During 2019, she earned $12,000 from her part-time job on campus. She does not want her parents to claim her and decided that she will be filing her own tax return for 2019. Discuss if Amy can claim Earned Income Tax Credit (EIC).

PLEASE ANSWER THE QUESTIONS.

Guiding Hints/Questions:

- Can a qualified dependent claim EIC or any other credit?

- What criteria must met to claim EIC?

- Is there an age requirement to claiming EIC?

Homework Answers

Answer #1

Amy, age 18 and full time in college, is a qualified dependent to her parents. During 2019, she earned $12,000 from her part-time job on campus. She does not want her parents to claim her and decided that she will be filing her own tax return for 2019

1.

1. If selected one doesn't have a qualifying child, a dependent, or an accepted child will not claim EIC or any other credit.

2. Criteria to claim EIC

  • Assemble all essential or necessary documents or records or certificate
  • Check or find out for faults or mistakes
  • File a return

3. If one doesn't have a qualifying or approved child, be age 25 but under 65 at the end of the year.

PLEASE.....UPVOTE....ITS REALLY HELPS ME....THANK YOU....SOOO MUCH....

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Mimi is 22 years old and is a full-time student at Ocean County Community College. She...
Mimi is 22 years old and is a full-time student at Ocean County Community College. She lives with her parents, who provide all of her support. During the summer, she put her Web design skills to work and earned $5,000. Can Mimi’s parents claim her as a dependent on their joint tax return? Why or why not? Assume that all five tests under qualifying child are met.
Compute the 2019 standard deduction for the following taxpayers. If an amount is zero, enter "0"....
Compute the 2019 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. a. Ellie is 15 and claimed as a dependent by her parents. She reports $650 in dividends income and $1,440 in wages from a part-time job. $ b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $12,560. $...
Zoey (25) is unmarried and was a full-time student from January through June. Zoey worked part-time,...
Zoey (25) is unmarried and was a full-time student from January through June. Zoey worked part-time, but did not provide more than 50% support for herself or her son, Jonah (1). Zoey and Jonah lived with Zoey's mother, Crystal (48), the entire year. Zoey's wages were $6,750. Crystal's were $28,850. Jonah's income was $0 Does Zoey meet the qualifications for claiming the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit? Choose the best answer. 1.Zoey can, and...
Using 2018 tax law, answer these questions about the following scenario. Numbers in parentheses indicate age....
Using 2018 tax law, answer these questions about the following scenario. Numbers in parentheses indicate age. Each taxpayer has only the income stated. Unless otherwise stated, each prospective dependent is an unmarried U.S. citizen who does not provide more than half of their own support. In no case will more than one taxpayer attempt to claim the same qualifying child as a dependent. No one other than the persons listed live in the home. Karla (25) is unmarried and was...
Ellen, age 39 and single, furnishes more than 50% of the support of her parents, who...
Ellen, age 39 and single, furnishes more than 50% of the support of her parents, who do not live with her; their only source of income are Social Security benefits. Ellen practices as a self-employed interior decorator and has a gross income in 2019 of $120,000 + $20,000 from part time job. Her deductions are as follows: $30,000 business and $8,100 itemized. 1. Can Ellen qualify for head of household filing status? Explain. 2. What is Ellen’s taxable income for...
Michael and Diana are married and have three children, Amara, Bryan, and Skyla, ages 16, 14,...
Michael and Diana are married and have three children, Amara, Bryan, and Skyla, ages 16, 14, and 8 respectively. They live at 120 Main Street, Flushing NY 11425. Michael is a professor working TMCC's  Business department. Diana works part-time for Creation, a genetic research lab. During 2019, Michael and Diana earned $52,000 in wages and $500 in interest income. Assume for 2019, Michael and Diana are filing a joint return and all their children are qualified dependents. Instructions: Compute if any,...
4. Amy is single. During 2019, she determined her adjusted gross income was $12,000. During the...
4. Amy is single. During 2019, she determined her adjusted gross income was $12,000. During the year, Amy also contributed $1,500 to a Roth IRA. What is the maximum saver's credit she may claim for the year? Multiple Choice $750. $1,000. $1,500. $0. 6, Kathy is 48 years of age and self-employed. During 2019, she reported $100,000 of revenues and $40,000 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is...
David Miller (age 34) and his wife, Emily Miller (age 33), reside at 293 E. Main...
David Miller (age 34) and his wife, Emily Miller (age 33), reside at 293 E. Main Street in Sterling, MA, 01564 with their two children whom they fully support: Catherine (age 13) and Michael (age 11). During the year, Emily worked full-time as a customer service representative at a local bank and earned $37,600. Her employer withheld the following from her wages: Federal income tax $2,250.00 State income tax 1,124.60 Social security tax 2,331.20 Medicare tax 545.20 ROTH IRA contribution...
Tax Drill - Computing the Standard Deduction Compute the 2017 standard deduction for the following taxpayers....
Tax Drill - Computing the Standard Deduction Compute the 2017 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. a. Margie is 15 and claimed as a dependent by her parents. She has $800 in dividends income and $1,400 in wages from a part-time job. $ b. Ruby and Woody are married and file a joint tax return. Ruby is age 66 and Woody is 69....
Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0"....
Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. a. Ellie is 15 and claimed as a dependent by her parents. She has $1,600 in dividends income and $1,480 in wages from a part-time job. $ b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $11,910. $...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT