Which of the following is not a requirement to claim an earned income credit?Oa. At least $1 of earned incomeOb. Us citizenship or resident alien statusOc. At least one child claimed as a dependentOd. 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 theamount of his American Opportunity tax credit allowed?Oa, $2,150Оb. $2.250Oc. soOd. $2,600Oe. $4,000

Earned Income Credit is the refundable tax credit available to low and moderate-income earners,…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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

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