jane is full time student who participates receiving a 2,500 American opportunity tax credit in...
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Accounting
jane is full time student who participates receiving a 2,500 American opportunity tax credit in 2019. how does the amount of her anticipated credit affect the number of her allowances she should claim?
A) jane should use worksheet 1-6, converting crdits to withholding allowances, to help her adjust her withholding allowances for her credit.
B) it has no effect because she is full time student, full time student are automatically exempt from withholding anyway. no further calculations related to the amount of the credit are necessary
C) it has no effect because the AM tax credit not taken into account in determining allowances. the only credits considered for this purpose are the child tax credit and dependent care credit.
D)jane should use lines A_H on the personal allowances worksheet to convert this credit to withholding allowances.
three of the following installment agreement payment methods have a $225 fee. a taxpayer may pay a lower fee of $107 if they choose which of the following options?
A( check or money order
B) credit card
C)direct deposit
D) online payment agreement
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