User Account

All Pages

Are henry and claudia eligible to claim earned income credit

Assignment Help Accounting Basics
Reference no: EM131739608

Question: Henry and Claudia are married and want to file a joint return. They have one child, Alyssa, who is 5 years old and lived with them all year. Henry and Alyssa are U.S. citizens and have valid Social Security numbers. Claudia lives with Henry and Alyssa in the U.S. but is not lawfully present in the U.S and has an Individual Taxpayer Identification Number (ITIN). Claudia did not have any health insurance for all of 2016. Henry and Alyssa had minimum essential coverage (MEC) all year. Henry earned $37,000 in wages and had no other income. Claudia had $5,000 in earned income. Henry and Claudia provided all the support for Alyssa.

Are Henry and Claudia eligible to claim the earned income credit?

A. No, because Henry and Claudia's income is too high.

B. No, because Claudia has an ITIN.

C. Yes, because Alyssa is their qualifying child for EIC.

D. Yes, if they file Married Filing Separate returns.

Reference no: EM131739608

Questions Cloud

Owners take to avoid making hiring mistakes : Are there examples where hiring the wrong employee caused a business to suffer? What steps may small business owners take to avoid making hiring mistakes?
Desceibe how the change was communicated : Desceibe how the change was communicated. Identify which leaders were involved in the communication. Identify the change model (if possible).
Concept of jews being a chosen people : What is the concept of Jews being a chosen people? How is it that an orthodox believer and an atheist can both claim to be Jewish?
Give a brief summary of the sexual dysfunction and disorder : Give a brief summary of the three below , 200 words Sexual Dysfunction and Disorder ( Chapter 13) Mental Health and Aging (Chapter 19) Mood Disorder.
Are henry and claudia eligible to claim earned income credit : Henry and Claudia are married and want to file a joint return. They have one child, Alyssa, who is 5 years old and lived with them all year.
What give you the greatest returns : In leadership, the ability to prioritize sets you apart from others. Why? You learn to accomplish more and you get others drawn to your level of effectiveness.
Write on the film brown sugar : Wvaluate intimate couple relationships in your film of choice. You will write on the film "Brown Sugar".
International relations so different from domestic politics : Why is international relations so different from domestic politics. Why is violence between states more prevalent than violence within states
Explain national geographic or colorado geological survey : Explain National Geographic or the Colorado Geological Survey. Also note that items like The Landform Circuit as an author needs to be filed.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd