Sprint令 2:26 PM blackboard9.wju.edu イ 45%) 4 of 12 12. Khich of the following credits may be carried over if not entirely utilized in the current year? a. Child tax eredit b. Child and dependent care eredit e. Adoption credst d. Earned incone credit ePreaium cax credit Anaver: 13. Which of the following taxpayers qualifies to elaim the child tax eredit? a. A taxpayer who files as head of household and claims his 18- year-old daughter as a dependent b. A divorced taxpayer who claims his 15-year-old son as dependent. The son lives most of the year with the ex-wife. The taxpayer was given the dependency exemption when the ex-wife signed away her right to elaim the son as her dependent. e. A 25-year-old unmarrsed taxpayer who elaims her 10-year-old sister as a dependent. d. both b. and e e both a. and b Ansver: 14. After taking into consideration a couple’s AGI in 2016, the couple’s Aneriean opportunity credit and lifetime learning eredit are S5,000 and 1, 800, respectively. The eouple’s refundable and nonrefundable edacation credit s a· b· $5,000 $0 and $3,000 and 3,800, respectively and $1,800, respectively. $6,800, respectively d. $6,800 and 0, respectively $2.000 and ,800 reapectively Ansver: 15. During 2016, an unnarried taxpayer paid tuition and fees of $8,000 on behalf of her dependent son who is a full-tine student attending his third year of college. If the taxpayer’s AGI is 54,000. her total education tax credit equala: a$640 b.$960 .$1,600 d. $3,500 e $2,500
Expert Answer
12.
This is adoption credit.
It is child adoption expenses like, court fee, travelling expenses, etc. Such expenses could be claimed by the taxpayer in the next year too even if not utilized fully in the current year.
Answer: c