Which of the following is not a requirement to claim an earned income cred Oa. At least $1 of earned income Ob. US citizenship or resident alien status Oc. At least one child claimed as a dependent Od. Social Security number
Which of the following is not a requirement to claim an earned income cred Oa. At least $1 of earned income Ob. US citizenship or resident alien status Oc. At least one child claimed as a dependent Od. Social Security number
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Which of the following is not a requirement to claim an earned income credit?
Oa. At least $1 of earned income
Ob. Us citizenship or resident alien status
Oc. At least one child claimed as a dependent
Od. Social Security number](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe7269338-1a9f-4b6b-a181-cfa2a387b91f%2F263a8834-3247-4d8a-a9c7-0362612688fc%2Fshchl2_processed.png&w=3840&q=75)
Transcribed Image Text:Which of the following is not a requirement to claim an earned income credit?
Oa. At least $1 of earned income
Ob. Us citizenship or resident alien status
Oc. At least one child claimed as a dependent
Od. Social Security number
![Keith has a 2021 tax liability of $2,250 before taking into account his American Opportunity tax credit. He paid $2,600 in qualifying expenses, was a full-
time student, was not claimed as a dependent on his parents' return, and his American Opportunity tax credit was not subject to phase-out. What is the
amount of his American Opportunity tax credit allowed?
Oa, $2,150
Оb. $2.250
Oc. so
Od. $2,600
Oe. $4,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe7269338-1a9f-4b6b-a181-cfa2a387b91f%2F263a8834-3247-4d8a-a9c7-0362612688fc%2Fl0mnb5i_processed.png&w=3840&q=75)
Transcribed Image Text:Keith has a 2021 tax liability of $2,250 before taking into account his American Opportunity tax credit. He paid $2,600 in qualifying expenses, was a full-
time student, was not claimed as a dependent on his parents' return, and his American Opportunity tax credit was not subject to phase-out. What is the
amount of his American Opportunity tax credit allowed?
Oa, $2,150
Оb. $2.250
Oc. so
Od. $2,600
Oe. $4,000
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