Gianna uses the head of household filing status and claims her six-year-old daughter. Her marginal tax rate

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Gianna uses the head of household filing status and claims her six-year-old daughter. Her marginal tax rate is 10%. Her AGI is $26,000. Which statement is TRUE about Gianna's tax credits?

The maximum Saver's Credit would be up to 20% of her contributions to retirement accounts.

The maximum Child and Dependent Care Credit would be 29% of her expenses.

Gianna's Earned Income Tax Credit would decrease if she lowered her AGI by $1,000.

The refundable Additional Child Tax Credit is limited to $1,000.

Posted Date: Nov 28, 2021 06:50 PM

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Gianna uses the head of household filing status and claims her six-year-old daughter. Her marginal tax rate

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