Ingrid (43) and Daniel (48) are married but have lived apart since March 15, 2020. They have no divorce decree or separate maintenance agreement. They are both U.S. citizens and have valid social security numbers. Ingrid will not file a joint return with Daniel. Ethan (16), their son, went with Ingrid when she moved out and has lived with her since. Ingrid paid all the

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ingrid (43) and Daniel (48) are married but have lived apart since March 15, 2020. They have no divorce decree or separate maintenance agreement. They are both U.S. citizens and have valid social security numbers. Ingrid will not file a joint return with Daniel. Ethan (16), their son, went with Ingrid when she moved out and has lived with her since. Ingrid paid all the household expenses after they moved out. She did sign Form 8332, Release/Revocation of Claim to Exemption for Child by Custodial Parent so Daniel could claim Ethan. Together, Ingrid and Daniel provided more than 50% of Ethan's support. Ethan provided 5% of his own support. Daniel's wages were $27,000; Ingrid's were $29,850; Ethan's gross income was $1,525. Ingrid had no foreign income or investment income.

1.What is Ingrid's correct and most favorable 2020 filing status?

  • Single.
  • Married filing jointly.
  • Married filing separately.
  • Head of household.
  • Qualifying widow(er).

2.Is Ingrid eligible to claim the Child Tax Credit (CTC) and Additional Child Tax Credit (if the CTC is limited), or the Other Dependent Credit for any potential dependent? Choose the best response.

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

3.Is Ingrid eligible to claim and receive the Earned Income Credit?

Yes No
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