Jeff (52) is unmarried. Jeff's wife, Michelle, died on May 30, 2019. For 2019, he filed a joint return. He has not remarried. Jeff's daughter, Hailey (19), is single and lived with him for five months in 2020. They are both U.S. citizens and have valid social security numbers. Jeff does not provide more than 50% of Hailey's support. Hailey is not a student. Jeff's 2020 income consisted of $39,000 in wages and $1,200 in dividends. Hailey's wages were $10,533. Jeff had no other income, including any foreign income. 1.What is Jeff's correct and most favorable 2020 filing status?

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter3: Tax Formula And Tax Determination; An Overview Of property Transactions
Section: Chapter Questions
Problem 8BCRQ
icon
Related questions
Question
 

Jeff (52) is unmarried. Jeff's wife, Michelle, died on May 30, 2019. For 2019, he filed a joint return. He has not remarried. Jeff's daughter, Hailey (19), is single and lived with him for five months in 2020. They are both U.S. citizens and have valid social security numbers. Jeff does not provide more than 50% of Hailey's support. Hailey is not a student. Jeff's 2020 income consisted of $39,000 in wages and $1,200 in dividends. Hailey's wages were $10,533. Jeff had no other income, including any foreign income.

1.What is Jeff's correct and most favorable 2020 filing status?

  1. Single.
  2. Married filing jointly.
  3. Married filing separately.

2.What is Hailey's dependency status for Jeff?

  1. She is not a dependent of Jeff.
  2. Qualifying Relative Dependent.
  3. Qualifying Child Dependent.

3.Is Jeff eligible to claim the Child Tax Credit (CTC) and Additional Child Tax Credit (if the CTC is limited), or the Other Dependent Credit for any potential dependent? Choose the best response.

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

4.Is Jeff eligible to claim and receive the Earned Income Credit for 2020?

Yes No
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Determination of Tax Liability
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage
Individual Income Taxes
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
CONCEPTS IN FED.TAX., 2020-W/ACCESS
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:
9780357110362
Author:
Murphy
Publisher:
CENGAGE L
Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
Accounting
ISBN:
9780357391129
Author:
WHITTENBURG
Publisher:
Cengage