Basic Scenario 3: Eric and Fiona Fisher Interview Notes Eric and Fiona Fisher are married and always
Question:
Basic Scenario 3:
Eric and Fiona Fisher Interview Notes Eric and Fiona Fisher are married and always file Married Filing Jointly.
Eric earned $32,000 in wages and Fiona earned $24,000 in wages.
The Fishers paid all the cost of keeping up a home and provided all the support for their two children, Grace and lan, who lived with them all year.
Grace is 14 years old and lan turned 17 in November 2023.
Eric, Fiona, Grace, and lan are all U.S. citizens with valid Social Security numbers and lived in the U.S. the entire year.
Basic Scenario 3: Test Questions
5. Which of the Fishers children qualifies for the Child Tax Credit (CTC)? a. Grace b. Ian. c. Grace and Ian d. Neither
6. The additional tax credit is limited to $_ per child (Note: while number only, do not use special characters)
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill