SWFT Individual Income Taxes
43rd Edition
ISBN: 9780357391365
Author: YOUNG
Publisher: Cengage
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Determine the number of dependents in each of the following independent situations: (for example, 1, 2, 3, and so on).
Dependents
a.
Reginald, a U.S. citizen and resident, contributes 100% of the support of his parents who are citizens of Canada and live there.
fill in the blank 1
b.
Pablo, a U.S. citizen and resident, contributes 100% of the support of his parents who are citizens of Panama. Pablo's father is a resident of Panama, and his mother is a legal resident of the United States.
fill in the blank 2
c.
Gretchen, a U.S. citizen and resident, contributes 100% of the support of her parents who are U.S. citizens but residents of Germany.
fill in the blank 3
d.
Elena is a U.S. citizen and a resident of Italy. Her household includes Carlos, a four-year-old adopted son who is a citizen of Spain.
Adam and Lisa are married and want to file a joint return.• Adam is a U.S. citizen and has a valid Social Security number. Lisa is a resident alien and hasan ITIN. They resided in the United States all year with their children.• Adam and Lisa have two children, Maria, age 11, and Luis, age 17. Maria and Luis are U.S.citizens and have valid Social Security numbers.• Adam earned $22,000 in wages.• Lisa earned $20,000 in wages.• In order to work, the Garcias paid $2,000 to their son Luis to care for Maria after school.• Adam and Lisa provided all of the support for their two children.
4. What is the maximum amount Adam and Lisa are eligible to claim for the child tax credit?
5. The Garcias qualify for the child and dependent care credit.
Clay and Marian are married and will file a joint return.
Marian is a U.S. citizen with a valid Social Security number. Clay is a resident alien with an Individual Taxpayer Identification Number (ITIN).
Marian worked in 2022 and earned wages of $32,000. Clay worked part-time and earned wages of $18,000.
The Washingtons have two children: Erin, age 12 and Jenny, age 18.
The Washingtons provided the total support for their two children, who lived with them in the U.S. all year. Erin and Jenny are U.S. citizens and have valid Social Security numbers.
8. The Washingtons do not qualify for the Earned Income Credit because Clay has an ITIN.
True
False
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