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A taxpayer is NOT eligible to claim the Earned Income Tax Credit (EITC) if they had investment income in 2019 totaling more tTo BIOGR In 2018, Kirsten and Jeff paid $2,000 of qualified domestic adoption expenses. The adoption did not become final untQuestion 37 of 75. Emily (34) will use the head of household filing status. She has one dependent child, Harper (5). During tBrianna timely filed her 2018 tax return on March 1, 2019. She had a balance due, which she paid on April 15, 2019. She later

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Answer #1

Question - (1)

Answer -

Particulars Explanation
A taxpayer is NOT eligible to claim the Earned Income Tax Credit (EITC) if they had investment income in 2019 totaling more than $3600.

The Earned Income Tax Credit (EITC) is a refundable tax credit, and for the tax year 2019, to claim the Earned Income Tax Credit (EITC) the investment income must be $3600 or less for the year.

Hence, Option - (D) is Correct.

.

Question - (2)

Answer -

Particulars Adoption tax credit Explanation
The maximum amount they may be eligible to claim for the Adoption Credit on their 2019 return. $14080

Taxpayers who adopt a child can qualify for the adoption tax credit.

Maximum Adoption Tax Credit is $14080 per child for tax year 2019.

Adoption Tax Credit is subject to a phaseout, for tax year 2019, the modified adjusted gross income (MAGI) phaseout begins at $211160 and ends at $251160.

In the given case, full amount of $14080 Adoption Tax Credit can be claimed, because MAGI is below $211160.

Hence, Option - (D) is Correct.

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