Quincy is $25,$ single, and has an AGI of $$9,200,$ all from wages. He lives with his mother, Roberta, who is $45$ years old and has an AGI of $$18,000.$  Quincy's son, Steve, is three and lives in the household. Quincy and Roberta would like to minimize their overall tax liability. What is the correct answer? 

a$.$  Quincy must take Steve under the tie$-$breaker rules and will get a credit of $$3,137.$ 

b$.$  Roberta or Quincy may claim Steve, but Roberta should because the household will get over $$900$ more back in credits if she does.

c$.$  Roberta or Quincy may claim Steve, and it doesn't matter which one does because the credit is nearly the same.

d$.$  Roberta or Quincy may claim Steve, but Quincy should because the household will get over $$900$ more back in credits if he does.

e$.$  Roberta must take Steve under the tie$-$breaker rules because she earns more money and will get a credit of $$3,995.$ 

Answer rating: 100% (QA)

To determine the correct answer for Quincy Roberta and Steve in order to minimize their overall tax ... View the full answer