Question: Basic Scenario 2 : David and Ellen Farmer Interview Notes David, age 3 1 , and Ellen, age 3 0 , are married and will

Basic Scenario 2: David and Ellen Farmer Interview Notes David, age 31, and Ellen, age 30, are married and will file a joint return. They cannot be claimed as dependents by any other taxpayer. David and Ellen have no children or other dependents. David and Ellen both work and are not full-time students. David earned wages of $12,000 and Ellen earned wages of $4,000. David and Ellen are U.S. citizens and have valid Social Security numbers. David and Ellen have investment income of $300 in taxable interest. Basic Scenario 2: Test Questions 3. David and Ellen are eligible to claim the Earned Income Tax Credit (EITC). a. True b. False 4. David and Ellens $300 of interest counts as earned income for the Earned Income Tax Credit. a. True b. False

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