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  121) Thomas and Emma married, file a joint return, and

Question :   121) Thomas and Emma married, file a joint return, and : 2125642

 

121) Thomas and Emma are married, file a joint return, and have three qualifying children. Their AGI was $21,000. What is their EIC?

A) $0.

B) $3,461.

C) $5,716.

D) $6,431.

122) Victoria is single with two qualifying children and AGI of $24,000. What is her EIC?

A) $3,461.

B) $4,591.

C) $5,601.

D) $5,716.

123) Andy and Delilah both work and have one qualifying child. They had AGI of $21,000. What is their EIC?

A) $0.

B) $2,968.

C) $3,461.

D) $5,716.

124) Mindy and Xavier have a total tax liability of $475 before EIC. Their EIC for the current year is $2,578. What is their total tax refund or tax liability for the current year (assume they have no other credits or additional tax liability)?

A) $0.

B) $475 tax liability.

C) $2,103 tax refund.

D) $2,578 tax refund.

125) What is the "applicable figure" used to determine a taxpayer's contribution amount for purposes of calculating the appropriate premium tax credit if the taxpayer has a household size of 5 and household income of $44,000?

A) 0.0200.

B) 0.0430.

C) 0.0543.

D) Cannot be determined with the information provided.

 

 

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