Select either \"Yes\" or \"No\" to indicate whether the statement is one of the

Question

Select either "Yes" or "No" to indicate whether the statement is one of the rules that all taxpayers must meet in order to claim the earned income credit (EIC).

a. AGI may not be higher than set limits

b. Foreign income exclusion not permitted

c. Investment income cannot exceed $3,450 (2017 limit)

d. Married filing separately not allowed

e. Must have earned income

f. Taxpayer, spouse and all qualifying children must have a SSN

g. Only U.S. citizens can claim the credit

h. Taxpayer must have at least one qualifying child

Explanation / Answer

answer C:- true, investment income cannot exceed $3450

D:- TRUE, married filing jointly is allowed

E:- TRUE , must have earned income

F:- FALSE, SSN ( social security number) is required only for any qualifying children not for all qualifying children.

G:- FALSE:- Have been a U.S. citizen or resident alien for the entire tax year

H:-FALSE

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