ANSWERS 2025 - 2026
Calvin,has,qualifying,health,insurance,coverage,(also,known,as,minimum,essential,coverage),as,defined,u
nder,the,Affordable,Care,Act.,,ANS,-,True
Calvin,and,Betty,may,need,to,make,a,shared,responsibility,payment,on,their,joint,return,if,they,don't,quali
fy,for,an,exemption.,,ANS,-,True
Who,can,claim,the,American,opportunity,credit?,,ANS,-
,Dana,can,claim,the,credit,because,Tom,is,her,dependent.
Dana's,most,advantageous,allowable,filing,status,is:,,ANS,-,Head,of,Household
Who,can,Bob,claim,as,a,qualifying,child(ren),for,the,earned,income,credit?,,ANS,-
,Bob,can,claim,Sara,,but,not,Joan.
Who,can,claim,Sara,as,a,dependent?,,ANS,-,Joan,can,claim,Sara,because,she,is,Sara's,mother.,(Wrong)
Will,may,claim,R.J.,as,a,dependent,on,his,tax,return.,,ANS,-,True
Is,Will,able,to,claim,R.J.,as,a,qualifying,child,for,the,earned,income,credit,(EIC)?,,ANS,-
,No,,because,Will,has,an,ITIN.
Which,benefit(s),can,Will,claim,on,his,tax,return?,(Choose,the,best,answer),,ANS,-,All,of,the,above
What,are,the,correct,filing,statuses?,,ANS,-,Both,John,and,Marsha,must,file,as,Single
Is,it,allowable,for,John,and,Marsha,to,each,claim,one,qualifying,child,for,the,earned,income,credit,on,their
,individual,returns?,,ANS,-,No