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  41) The retirement savings contributions credit available for head of

Question :   41) The retirement savings contributions credit available for head of : 2125626

 

41) The retirement savings contributions credit is available for head of household taxpayers only.

42) The maximum contribution amount for the retirement savings contributions credit for each tax year is 20% of a taxpayer's AGI.

43) The maximum adoption credit is 50% of all qualified expenses.

44) The earned income credit (EIC) is only available for taxpayers with children.

45) Kobe is a single dad with two dependent children, Lizzie, age 7 and Leslie, age 3. He has AGI of $51,000 and paid $3,700 to a qualified day care center. What amount of credit can Kobe receive for the child and dependent care credit?

A) $0.

B) $740.

C) $3,700.

D) $4,000.

 

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