Question: please answer the questions Interview Notes Paul and Maggie are married and want to file a joint return. Maggie is a U.S. citizen and has

please answer the questions
 please answer the questions Interview Notes Paul and Maggie are married
and want to file a joint return. Maggie is a U.S. citizen
and has a valid Social Security number. Paul is a resident alien
and has an ITIN. They resided in the United States all year

Interview Notes Paul and Maggie are married and want to file a joint return. Maggie is a U.S. citizen and has a valid Social Security number. Paul is a resident alien and has an ITIN. They resided in the United States all year with their children. Paul and Maggie have two children, Cheryl, age 4, and Mike, age 15. Cheryl and Mike are U.S. citizens and have valid Social Security numbers. Paul earned $18,000 in wages. Maggie earned $20,000 in wages. In order to work, the Thomas's paid child and dependent care expenses of $3,500 for their daughter Cheryl to attend Busy Bee Child Care. Paul and Maggie provided all of the support for their two children. Paul and Maggie declined to receive advance payments for the Child Tax Credit. Incorrect F 4. What is the maximum amount Paul and Maggie are eligible to claim for the child tax credit? Interview Notes Paul and Maggie are married and want to file a joint return. Maggie is a U.S. citizen and has a valid Social Security number. Paul is a resident alien and has an ITIN. They resided in the United States all year with their children Paul and Maggie have two children, Cheryl, age 4, and Mike, age 15. Cheryl and Mike are U.S. citizens and have valid Social Security numbers. . Paul earned $18,000 in wages. Maggie eamed $20,000 in wages, In order to work, the Thomas's paid child and dependent care expenses of $3,500 for their daughter Cheryl to attend Busy Bee Child Care. Incorrect Interview Notes Paul and Maggie are married and want to file a joint return. a Maggie is a U.S. citizen and has a valid Social Security number. Paul is a resident alien and has an ITIN. They resided in the United States all year with their children. Paul and Maggie have two children, Cheryl, age 4, and Mike, age 15. Cheryl and Mike are U.S. citizens and have valid Social Security numbers. Paul earned $18,000 in wages. Maggie earned $20,000 in wages. In order to work, the Thomas's paid child and dependent care expenses of $3,500 for their daughter Cheryl to attend Busy Bee Child Care. Paul and Maggie provided all of the support for their two children. Paul and Maggie declined to receive advance payments for the Child Tax Credit. Incor 5. How much of the child care expenses can be used to claim the child and dependent care credit? Scenario 3: Carol Wheeler Interview Notes Carol Wheeler, age 56, is single. Carol earned wages of $48,000 and was enrolled the entire year in a high deductible health plan (HDHP) with self-only coverage. . During the year, Carol contributed $3,000 to her Health Savings Account (HSA) and her cousin also contributed $1,000 to Carol's HSA account. Carol's Form W-2 shows $600 in Box 12 with code W. She has Form 5498-SA showing $4,600 in Box 2 Carol took a distribution from her HSA to pay her unreimbursed expenses: 2 visits to a physical therapist due to a car accident $300 unreimbursed doctor bills for $700 prescription medicine $400 replacement of a crown $1,500 over the counter sinus medication $80 10 Zumba classes for $125 Carol is a U.S. citizen with a valid Social Security number. 6. Form 8889, Part 1 is used to report HSA contributions made by Interview Notes Carol Wheeler, age 56, is single. Carol eamed wages of $48,000 and was enrolled the entire year in a high deductible health plan (HDHP) with self-only coverage. During the year, Carol contributed $3,000 to her Health Savings Account (HSA) and her cousin also contributed $1,000 to Carol's HSA account. Carol's Form W-2 shows $600 in Box 12 with code W. She has Form 5498-SA showing $4,600 in Box 2. Interview Notes Carol Wheeler, age 56, is single. Carol eamed wages of $48,000 and was enrolled the entire year in a high deductible health plan (HDHP) with self-only coverage. During the year, Carol contributed $3,000 to her Health Savings Account (HSA) and her cousin also contributed $1,000 to Carol's HSA account. Carol's Form W-2 shows $600 in Box 12 with code W. She has Form 5498-SA showing $4,600 in Box 2 Carol took a distribution from her HSA to pay her unreimbursed expenses: 2 visits to a physical therapist due to a car accident $300 unreimbursed doctor bills for $700 prescription medicine $400 replacement of a crown $1,500 over the counter sinus medication $80 10 Zumba classes for $125 Carol is a U.S. citizen with a valid Social Security number Inco to her 7. Carol is eligible to contribute an additional $ HSA because she is age 55 or older. (Do not enter dollar signs, commas, periods, or decimal points in your answer.) Interview Notes Carol Wheeler, age 56, is single. Carol earned wages of $48,000 and was enrolled the entire year in a high deductible health plan (HDHP) with self-only coverage During the year, Carol contributed $3,000 to her Health Savings Account (HSA) and her cousin also contributed $1,000 to Carol's HSA account Carol's Form W-2 shows $600 in Box 12 with code W. She has Form 5498-SA showing

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!