Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. joaquin (31) is not married. he shared his home al

Joaquin (31) is not married. He shared his home all year with his girlfriend, Monica...

60.1K

Verified Solution

Question

Accounting

Joaquin (31) is not married. He shared his home all year with his girlfriend, Monica (25), and Monica's son, Henry (3). Henry is not related to Joaquin. Joaquin provided more than half the cost of maintaining the home, and he provided more than 50% support for Monica and Henry. Joaquin's wages were $26,575; Monica's gross income was $4,150; Henry's was $0. Does Joaquin meet the qualifications for claiming the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit? Choose the best answer.

1. Joaquin is eligible to claim the Child Tax Credit/Additional Child Tax Credit.

2. Joaquin is eligible to claim the Other Dependent Credit.

3. Joaquin is not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit.

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!
Become a Member

Other questions asked by students

Q

Part 1 of 3 points Points 0 of 1 The median weight of a boy...

Geometry
Q

Using matlab Find x and y that solve the following system: ln(x 2 + y) =...

Advance Math
Q

why do people think it is not ethical for companies switching to automation?

General Management
Q

2 pts Which of the following options correctly represents the most likely sequence of the...

Biology
Q

A i 1 13 Three resistors having resistances r r2 and are connected as shown...

Physics
Q

The mean free path of conduction electrons in copper is about 4x108 m For a...

Physics
Q

Interpreting percentile ranks Government agencies keep data about the income distribution of the population The...

Statistics
Q

If log5 3x 5 3 then what is the value of x O a 50...

Algebra
Q

1 What is the value of r if 2 r 8 3 a 30 b...

Algebra
Q

Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum...

Accounting
Q

The accounts maintained for the various items on the statement of financial performance are called...

Accounting
Q

With a New Comparability profit sharing plan, contributions are based upon employee classifications True False

Finance