Question: Problem 7-3Earned Income Credit (LO 7.2)Select either Yes or No to indicate whether the statement is one of the rules that all taxpayers must meet

Problem 7-3Earned Income Credit (LO 7.2)Select either "Yes" or "No" to indicate whether the statement is one of the rules that all taxpayers must meet in order to claim the earned income credit (EIC).Item Description Answera. AGI may not be higher than set limits Yesb. Foreign income exclusion not permitted Yesc. Investment income cannot exceed $11,600(2024 limit) Yesd. Married filing separately not allowed, except in certain situations Yese. Must have earned income Yesf. Taxpayer, spouse and all qualifying children must have a SSN Yesg. Only U.S. citizens can claim the credit Noh. Taxpayer must have at least one qualifying child No

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