Question: if someone could amswee these it would be a huge help thanks 19) A dependent's only income for 2018 is $6,050 of taxable wages and

if someone could amswee these it would be a huge help thanks 19) A dependent's only income for 2018 is $6,050 of taxable wages and $840 of taxable interest on a savings account. The dependent's 2018 taxable income is:

a. $0.

b. $840.

c. $540.

d. $490.

e. $590.

31. In 2017, a couple pays $10,000 towards the adoption of a U.S. born child. The couple pays another $10,000 in 2018 when the adoption is finalized. In both years, AGI is less than $150,000. Which of the following statements best describes the couple's adoption credit?

a. The couple is entitled to a $10,000 adoption credit in 2017 and a $3,810 adoption credit in 2018.

b. The couple is entitled to a $20,000 adoption credit in 2018.

c. The couple is entitled to a $13,810 adoption credit in 2018, and will carryover $6,190 to 2019.

d. The couple is entitled to a $10,000 adoption credit in 2017, a $3,810 adoption credit in 2018, and will carryover $6,190 to 2019.

e. None of the above.

36. A married couple files a joint return. During 2018 they pay college tuition and fees for their two dependent children. Before taking the phase-out for excess AGI into consideration, the couple has calculated their American opportunity credit to be $2,300. If the couple's AGI is $112,000, their refundable education tax credit equals:

a. $1,380.

b. $0.

c. $690.

d. $920.

e. $1,035.

37. During 2018, an unmarried taxpayer paid tuition and fees of $8,000 on behalf of her dependent son, who is a full-time student attending his third year of college. If the taxpayer's AGI is $54,000, her total education tax credit equals:

a. $640.

b. $960.

c. $1,600.

d. $3,500.

e. $2,500.

38. During the year, a married couple pays $3,500 in qualified childcare expenses to a nanny to look after their 8-year-old son. The husband works and has $56,000 of wages during the year; the wife attended college as a full-time student for 10 months of the year. Based on the couple's AGI, the percentage they can use to compute their child and dependent care credit is 26%. The couple's child and dependent care credit is: a. $910. b. $780. c. $650. d. $1,000. e. $0.

40. A taxpayer's earned income and AGI are both $34,500. The taxpayer's total tax liability (before any tax credits) is $1,300. The taxpayer's only tax credits are an $840 child and dependent care credit and the child tax credit for two qualifying children. The taxpayer's refundable child tax credit is:

a. $2,800.

b. $460.

c. $0.

d. $1,540.

e. $700.

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