Wade (49) and Colleen (50) are married. They have two children, Jacob (20) and Lucella...
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Wade (49) and Colleen (50) are married. They have two children, Jacob (20) and Lucella (15), who both lived with their parents all year. Jacob is not a student, but he has a part-time job. Lucella is still in high school. Wade and Colleen provide more than 50% support for both children. Wade's wages were $27,500; Colleen's wages were $17,900; Jacob's gross income was $5,100; Lucella's was $0. Does Wade meet the qualifications for claiming the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit? Choose the best answer.
1. Wade is eligible to claim the Child Tax Credit/Additional Child Tax Credit.
2. Wade is eligible to claim the Other Dependent Credit.
3. Wade is not eligible to claim the Child Tax Credit/Additional Child Tax Credit or the Other Dependent Credit.
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