NOTE: TO VIEW COMPLETE QUESTION/PROBLEM, PLEASE GOOGLE "IRS 6744" AND READ THROUGH PAGES 78 TO 87 OF THE PDF.

To find the answer for the fill in the blank questions, please use the Taxslayer software to file a tax return using the tax documents provided in the pdf. To use the Taxslayer software for free, please go to https://vita.taxslayerpro.com/IRSTraining/en/Account/Login. If it asks you to enter in a password, THE PASSWORD IS TRAINPROWEB (all capital letters). Next, please register for a new account in under a minute. If you register for the new account, enter anything for the username and password. For program type, please select VITA. Please skip the SIDN section.

Here are the questions(also found on page 87 OF THE IRS 6744 PDF)

13. What is the amount of Carly's student loan interest deduction on Form 1040,

Schedule 1? $________. (Need to file tax return in Taxslayer to find out)

14. How do educator expenses affect Carly's tax return?

a. Carly can claim these expenses as a miscellaneous itemized deduction on her

Schedule A.

b. These expenses cannot be claimed on her 2020 tax return because she does

not meet the requirements to claim the educator expenses.

c. $250 is deducted as an adjustment to income on Form 1040, Schedule 1.

d. Carly is entitled to deduct the full $375 as an adjustment to income on Form

1040, Schedule 1.

15. What is the amount of qualified child care expenses used in the calculation of the

Franklin's Form 2441, Child and Dependent Care Expenses?

a. $0

b. $750

c. $1,500

d. $2,250

16. The refundable portion of the American opportunity credit located on Form 8863,

Education Credit is $________. (Need to file tax return in Taxslayer to find out)

17. The amount of the Franklin's net premium tax credit on Form 8962, Premium Tax

Credit is $________. (Need to file tax return in Taxslayer to find out)

18. The Franklins can claim a recovery rebate credit of $________ for Cristina on their

2020 tax return. (Need to file tax return in Taxslayer to find out)

Note: Congress may have enacted additional legislation that will affect taxpayers

after this publication(IRS 6744) went to print

19. Do the Franklins qualify for the earned income credit?

a. Yes, they meet all the qualifications to receive the credit.

b. No, their income is too high.

I would greatly appreciate if anyone could answer all of the questions. If not, please help me answer any of the fill in the blank questions. I would definitely write you a nice comment and give you an upvote if you could answer at least one question of this problem. Thank you!