Chin, who is not married, provides a home for his 21-year-old daughter who attends college full-time at a community college. His daughter earns $12,400 this year. Chin’s grandma also lives with him, and he provides more than 50% of her support. What credit and how much is available to Chin? a. $0 credit allowed b. $3,000 child tax credit, $500 family tax credit c. $3,000 child tax credit, $0 family tax credit d. $0 child tax credit, $1,000 family tax credit
Chin, who is not married, provides a home for his 21-year-old daughter who attends college full-time at a community college. His daughter earns $12,400 this year. Chin’s grandma also lives with him, and he provides more than 50% of her support. What credit and how much is available to Chin? a. $0 credit allowed b. $3,000 child tax credit, $500 family tax credit c. $3,000 child tax credit, $0 family tax credit d. $0 child tax credit, $1,000 family tax credit
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 11BCRQ
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Question
Chin, who is not married, provides a home for his 21-year-old daughter who attends college full-time at a community college. His daughter earns $12,400 this year. Chin’s grandma also lives with him, and he provides more than 50% of her support. What credit and how much is available to Chin?
| a. |
$0 credit allowed |
|
| b. |
$3,000 child tax credit, $500 family tax credit |
|
| c. |
$3,000 child tax credit, $0 family tax credit |
|
| d. |
$0 child tax credit, $1,000 family tax credit |
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