Qualifications to be eligible for earned income credit

Assignment Help Financial Management

Reference no: EM131945075

1. The taxpayer must meet certain qualifications to be eligible for the earned income credit. Which statements pertaining to the earned income credit with a qualifying child are correct?

A) The taxpayer must have earned income

B) The taxpayer cannot be a qualifying child of another person

C) The investment income cannot be more than $3,450

D) Any of the five statuses qualify

E) Only the qualifying child must have a social security number

2. Who may choose to file using either the married filling jointly or married filing separately status?

A) Taxpayers who were married on the last day of the tax year

B) Taxpayers who are divorced

C) Taxpayers who are married and lived together all year

D) Taxpayers who are married but did not live together at any time during the year

Reference no: EM131945075

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