Reference no: EM132629739
Questions -
Q1. Kyle, age 12, lives with his mother and father for 9 months of the year until they divorce. Kyle lives with his mother for the remaining 3 months of the year. The father provides 70% of the support and the mother provides 30% of the support. How much of a CTC and ODC is each entitled to claim.
a. Father $2000, Mother 0
b. Mother $500, Father $500.
c. Mother $2000. Father $0
d. Mother $1000, Father $1000
Q2. Stella provide more than half the support for Allen her 18 year old son who is a full-time student at San Francisco State University. He salary from a part-time job is $3000. What amount of CTC or ODC is Stella entitled to?
a. $0
b. $500
c. $2000
Q3. Bing provides $11,000 of support for her elderly mother, Ling, age 78, who lives in a nursing home. Ling is single and her only income is from Social Security of $10,000. Ling Spends all $10,000 of her income. How much of a CTC or ODC can Bing claim for her mother?
a. $2000
b. $0
c. $500
Q4. The definition of qualified child for the Child Tax Credit is the same as the General Definition of a Qualified Child EXCEPT FOR, which of the following (more than one may apply)
a. A full-time student over the age of 17 but less than 24 is not eligible to be claimed for the Child Tax Credit.
b. A qualified child must be under 17 for the Child Tax Credit
c. A qualified child cannot be claimed for the Child Tax Credit with only an ITIN (Taxpayer Identification)
d. A disabled person who is over age 17 is not eligible to be claimed for the Child Tax Credit.
e. A sister or brother is not eligible for the Child Tax Credit
Q5. Kyle, age 17, lives with his mother and father for 9 months of the year until they divorce. Kyle lives with his mother for the remaining 3 months of the year. The father provides 70% of the support and the mother provides 30% of the support. How much of a CTC and ODC is each entitled to claim (assuming they don't sign a Form 8332)
a. Father $500, Mother 0
b. Mother 0, Father $2000
c. Mother $2000. Father $0
d. Mother $500, Father $0
Q6. Pedro is an undocumented alien without a Social Security Number. He has 2 children ages 10 and 12 who are also undocumented and only have an ITIN (taxpayer identification number). Pedro files a tax return this year. What is the amount Pedro's child tax credit or other dependent credit?
a. $0
b. $4,000
c. $1,000
Q7. Jiunn is 19 years old and earns $6,000 for the year. He uses $3000 of his savings and also receives a loan of $2000. He spends all of this on his own support and also receives a $5000 scholarship. His mother supplies $9000 of his support What amount of credit is his mother entitled to?
a. $0
b. $2000
c. $500
Q8. Harris provides more than half the support for Glenn his 23 year old son who is a full-time student at SFSU. HIs son, Glenn lives with his girlfriend in an apartment in Oakland which they rent together for $3000 per month. They have recently renewed their annual lease. What amount of credit is Harris entitled to for the CTC or ODC? Harris pays the rent on the apartment. Glenn's gross income is $4000 and his girlfriend's gross income is $4000. They spend the entire amount on their own support.
a. 0
b. $2000
c. $1000
d. $500
e. $4000
Q9. Which of the following would not meet the definition of a "Qualified Relative" for purposes of the Child Tax Credit (one or more may apply)
a. Girlfriend or boyfriend who lived with you all year.
b. Great-nephew (grandson of sister)
c. Aunt's daughter who lived with you for 11 months.
d. Mother's father's wife.