A married couple files jointly and has three dependent children under age 17. During 2021,...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A married couple files jointly and has three dependent children under age 17. During 2021, the couple had earned income of $70,000, investment income of $200, and their AGI was $65,000. Why d they not qualify for the EIC?
a) they are also claiming the child tax credit
b) they have too many children
c) They had investment income
d) their earned income and AGI are too high
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!