Quincy is 2 5 , single, and has an AGI of $ 9 , 2 0 0
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Question:
Quincy is single, and has an AGI of $ all from wages. He lives with his mother, Roberta, who is years old and has an AGI of $ Quincy's son, Steve, is three and lives in the household. Quincy and Roberta would like to minimize their overall tax liability. What is the correct answer?
a Quincy must take Steve under the tiebreaker rules and will get a credit of $
b Roberta or Quincy may claim Steve, but Roberta should because the household will get over $ more back in credits if she does.
c Roberta or Quincy may claim Steve, and it doesn't matter which one does because the credit is nearly the same.
d Roberta or Quincy may claim Steve, but Quincy should because the household will get over $ more back in credits if he does.
e Roberta must take Steve under the tiebreaker rules because she earns more money and will get a credit of $
Related Book For
Pearsons Federal Taxation 2023 Comprehensive
ISBN: 9780137840656
36th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
Posted Date: