1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeka94
3 years ago
13

Henry, who is not a dependent, states he wishes to claim EITC this year for his 35-year-old dependent child. Both reside in the

U.S. Henry states that the child lives with Henry, is not married, is disabled, and has not worked during the year. What does Henry's tax preparer need to do to determine if the child can qualify Henry for EITC
Business
1 answer:
Evgen [1.6K]3 years ago
3 0

Answer:

in order for Henry's child to qualify as a dependent, the following requisites must be met:

  • since the child is disabled, there is no age limit, but he/she must live with Henry and Henry must pay for at least half of his/her expenses
  • the disability must be permanent and total (a letter from a doctor, social service worker, or social service agency that provides proof of this is required
  • the child must be Henry's son or daughter, or legally adopted child
  • Henry must have earned income (i.e. Henry must work)
  • Henry's investment income (besides earned income) must be less than $3,650 during the last year
  • Henry must file as single filer or head of household
  • Henry must not have received foreign income
You might be interested in
Determine the finance charge on a 8,000 loan with a monthly payment of 162,80 for 60 months
Fittoniya [83]
Well 162,80 divided by 8,000 is 2.035 so thats going to be your answer hope this helps
5 0
3 years ago
Prior to any trip it is important to do all of these except:
ivanzaharov [21]
<span>Checking the upholstery is not one of the important pre-trip tasks. This is not something that will affect anything other than the passenger comfort during the trip. Making sure that one has enough gas and other fluids in the car is much more important to the overall trip.</span>
8 0
4 years ago
RAWRRRRRRRRR Whahahaha​
____ [38]

Explanation:

wow

I see you are interested in horror movies

3 0
3 years ago
You are looking to buy a car and you have been offered a loan with an APR of 5.7 %​, compounded monthly. a. What is the true mon
lukranit [14]

Answer:

Monthly Interest rate = 0.475%

EAR = 5.85%

Explanation:

a.

APR = 5.7%

Monthly Interest rate = APR / n

Monthly Interest rate = 5.7% / 12

Monthly Interest rate = 0.475%

b.

APR = 5.7%

m = 12

EAR = [ ( 1 + (APR / m))^m] - 1

EAR = [( 1 + (0.057 / 12))^12] - 1

EAR = [( 1 + 0.00475 )^12] - 1

EAR = [( 1.00475 )^12] - 1

EAR = 1.0585 - 1

EAR = 0.0585

EAR = 5.85%

True monthly rate of​ interest is 0.475%

EAR is 5.85%

5 0
3 years ago
Each day, you are faced with choices. You have to decide how to use your resources. For example, should you use some of your all
Dmitry_Shevchenko [17]
Hello  <span>Gabbypittman20!

Answer:
This answer is very tricky...but at least you have a teacher to help you.
</span><span>The answer to this question would buy new clothes before buying a computer. 
Explanation:
See, this is a Need or want question. You NEED clothes but you WANT a computer. Get it? contact me for more information.

FLVS teacher,
~Sarah Bunkly

</span>

7 0
3 years ago
Other questions:
  • Governments of all types have historically included two basic components: a means of coercion, and a means of
    13·1 answer
  • If the unemployment rate is equal to the natural rate of unemployment, then the economy's
    15·1 answer
  • Bill is a yacht broker in the southeastern United States. For years he has had difficulty selling large yachts locally because t
    14·1 answer
  • The marginal benefit from consuming another unit of a good: equals the total benefit obtained from the consumption of all prior
    10·1 answer
  • Given the following information about the closed economy of Brittania, what is the level of investment spending and private savi
    13·1 answer
  • Xia Co. manufactures a single product. All raw materials used are traceable to specific units of product. Current information fo
    7·1 answer
  • The degree to which someone's personality and values align with the organizational culture of a firm is called
    6·1 answer
  • Abc buys widgets for $5 cash and sells them on account for $8. From a cash flow perspective, the receivable is valued at?.
    9·1 answer
  • When your superior offers you a raise if you will perform additional work beyond the requirements of your job, he/she is exercis
    10·1 answer
  • What indicator provides the clearest indication that an economy is experiencing deflation?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!