Question

Sarah (53) is unmarried, and her two daughters, Beth (22) and Carol (19), lived with her...

Sarah (53) is unmarried, and her two daughters, Beth (22) and Carol (19), lived with her the entire year. Beth also has a daughter, Vicki (2), who lives with her mother and grandmother. Carol is a full-time student at Your Local Community College. Sarah’s wages were $37,250; Beth’s were $7,250; Carol and Vicki have no income.

What is Sarah's correct and most favorable 2017 filing status?

Single.

Married filing jointly.

Married filing separately.

Head of household.

Qualifying widow(er).

What is Sarah's greatest number of personal and dependent exemptions allowed for 2017?

1

2

3

4

Is Sarah eligible to claim and receive the Earned Income Tax Credit?

Yes.

No.

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Answer #1

What is Sarah's correct and most favorable 2017 filing status?

Answer is HEAD OF HOUSEHOLD.

Since she is unmarried and paying for the household expenses, this is most suitable filing status.

What is Sarah's greatest number of personal and dependent exemptions allowed for 2017?

Answer is 2.  

Since Beth's income is above the maximum allowed limit of $4050, she cannot be claimed as Dependent. Hence only Carol and Vicki be claimed as dependent.

Is Sarah eligible to claim and receive the Earned Income Tax Credit?

Answer is Yes.

The IRS provides for Earned Income tax Credit . Her income being lower than the limit, she is eligible to claim the same.

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