ng Dependents (LO 1.6) of the following situations, determine whether the taxpayer(s) has/have a dependent and if so, ent credit for 2021 (assuming no advance payments or limitations apply). ount is zero, enter "0". Depend- (Yes/M onna, a 20-year-old single taxpayer, supports her mother, who lives in her own Yes me. Her mother has income of $1,350.

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 30P
icon
Related questions
Question
100%

I need to answer on C

Problem 1-21
Qualifying Dependents (LO 1.6)
In each of the following situations, determine whether the taxpayer(s) has/have a dependent and if so, the total amount of the child tax credit and other
dependent credit for 2021 (assuming no advance payments or limitations apply).
If an amount is zero, enter "0".
Dependent?
Amount of credit
(Yes/No)
a. Donna, a 20-year-old single taxpayer, supports her mother, who lives in her own
Yes
500
home. Her mother has income of $1,350.
b. William, age 43, and Mary, age 45, are married and support William's 19-year-old
No
sister, who is not a student. The sister's income from a part-time job is $4,300.
c. Devi was divorced in 2019 and receives child support of $250 per month from her ex- Yes
2,750 x
husband for the support of their 8-year-old son, John, who lives with her. Devi is 45
and provides more than half of her son's support.
d. Wendell, an 89-year-old single taxpayer, supports his son, who is 67 years old, lives
Yes
500
with him and earns no income.
e. Wilma, age 65, and Morris, age 66, are married. They file a joint return.
No
Transcribed Image Text:Problem 1-21 Qualifying Dependents (LO 1.6) In each of the following situations, determine whether the taxpayer(s) has/have a dependent and if so, the total amount of the child tax credit and other dependent credit for 2021 (assuming no advance payments or limitations apply). If an amount is zero, enter "0". Dependent? Amount of credit (Yes/No) a. Donna, a 20-year-old single taxpayer, supports her mother, who lives in her own Yes 500 home. Her mother has income of $1,350. b. William, age 43, and Mary, age 45, are married and support William's 19-year-old No sister, who is not a student. The sister's income from a part-time job is $4,300. c. Devi was divorced in 2019 and receives child support of $250 per month from her ex- Yes 2,750 x husband for the support of their 8-year-old son, John, who lives with her. Devi is 45 and provides more than half of her son's support. d. Wendell, an 89-year-old single taxpayer, supports his son, who is 67 years old, lives Yes 500 with him and earns no income. e. Wilma, age 65, and Morris, age 66, are married. They file a joint return. No
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Consumer Credit Counseling Services
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
Individual Income Taxes
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage
PFIN (with PFIN Online, 1 term (6 months) Printed…
PFIN (with PFIN Online, 1 term (6 months) Printed…
Finance
ISBN:
9781337117005
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
CONCEPTS IN FED.TAX., 2020-W/ACCESS
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:
9780357110362
Author:
Murphy
Publisher:
CENGAGE L