VITA RETEST Basic Scenario 2024

VITA RETEST Basic Scenario 2024 Jeff does not have to make a shared responsibility payment because he was covered by a health insurance plan through his employer for the full tax year. -Answer-TRUE Linda must make a shared responsibility payment because she did not have qualified healthcare coverage all year -Answer-FALSE David is Ava's qualifying child for the earned income credit. -Answer-TRUE David is a qualifying person for Ava to claim Head of Household filing status, credit for other dependents and the education credit. -Answer-TRUE Ellen's standard deduction is $24,000 -Answer-FALSE The maximum amount of additional child tax credit Ellen is able to claim per qualifying child is $1,400 -Answer-TRUE Christopher and Amanda can claim Jennifer as a qualifying child for the earned income credit (EIC) -Answer-FALSE Jennifer is a qualifying child for the child tax credit -Answer-TRUE