Glen (53) is unmarried. Glen's wife, Priscilla, died on June 26, 2018. For 2018, he filed a joint return. Glen's daughter, Mary Beth (19), lived with him for two months in 2019. Glen does not provide more than 50% of Mary Beth's support. Mary Beth is not a student. Glen's 2019 income consisted of $37,000 in wages and $2,500 in dividends.   1. What is Glen's correct and most favorable 2019 filing status? 2. Does Glen meet the qualifications for claiming the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit on his 2019 return? Choose the best answer. Glen is eligible to claim the Child Tax Credit/Additional Child Tax Credit.   Glen is eligible to claim the Other Dependent Credit.   Glen is not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit.   3. Is Glen eligible to claim and receive the Earned Income Tax Credit for 2019?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Glen (53) is unmarried. Glen's wife, Priscilla, died on June 26, 2018. For 2018, he filed a joint return. Glen's daughter, Mary Beth (19), lived with him for two months in 2019. Glen does not provide more than 50% of Mary Beth's support. Mary Beth is not a student. Glen's 2019 income consisted of $37,000 in wages and $2,500 in dividends.

 

1. What is Glen's correct and most favorable 2019 filing status?

2. Does Glen meet the qualifications for claiming the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit on his 2019 return? Choose the best answer.

Glen is eligible to claim the Child Tax Credit/Additional Child Tax Credit.

 

Glen is eligible to claim the Other Dependent Credit.

 

Glen is not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit.

 

3. Is Glen eligible to claim and receive the Earned Income Tax Credit for 2019?

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