Calvin has qualifying health insurance coverage (also known as minimum essential coverage)
as defined under the Affordable Care Act. - ANSWER True
Calvin and Betty may need to make a shared responsibility payment on their joint return if
they don't qualify for an exemption. - ANSWER True
Who can claim the American opportunity credit? - ANSWER Dana can claim the credit
because Tom is her dependent.
Dana's most advantageous allowable filing status is: - ANSWER Head of Household
Who can Bob claim as a qualifying child(ren) for the earned income credit? -
ANSWER Bob can claim Sara, but not Joan.
Who can claim Sara as a dependent? - ANSWER Joan can claim Sara because she is
Sara's mother. (Wrong)
Will may claim R.J. as a dependent on his tax return. - ANSWER True
Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? -
ANSWER No, because Will has an ITIN.
Which benefit(s) can Will claim on his tax return? (Choose the best answer) -
ANSWER All of the above
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as defined under the Affordable Care Act. - ANSWER True
Calvin and Betty may need to make a shared responsibility payment on their joint return if
they don't qualify for an exemption. - ANSWER True
Who can claim the American opportunity credit? - ANSWER Dana can claim the credit
because Tom is her dependent.
Dana's most advantageous allowable filing status is: - ANSWER Head of Household
Who can Bob claim as a qualifying child(ren) for the earned income credit? -
ANSWER Bob can claim Sara, but not Joan.
Who can claim Sara as a dependent? - ANSWER Joan can claim Sara because she is
Sara's mother. (Wrong)
Will may claim R.J. as a dependent on his tax return. - ANSWER True
Is Will able to claim R.J. as a qualifying child for the earned income credit (EIC)? -
ANSWER No, because Will has an ITIN.
Which benefit(s) can Will claim on his tax return? (Choose the best answer) -
ANSWER All of the above
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