Becky, who is pregnant, works for an organization called Publix with more than 100 employees. She lives 20 miles away from work. By federal law, she is entitled to of unpaid leave after her child is born. 12 days 56 days 12 weeks 30 weeks 11 months
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- In 2021, Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $75,900 and incurred $10,675 of child care expenses. Determine amount of Ivanna and Sergio's child and dependent care credit.Ivanna, who has three children under age 13, worked full-time while her spouse, Sergio, was attending college for nine months during the year. Ivanna earned $48,300 and incurred $9,125 of child care expenses. Determine Ivanna and Sergio's child and dependent care credit. $_________Pam is separated from her husband, Ted. Ted moved to an apartment in the same city two years ago, but they have not finalized their divorce yet. They live in a common law state. They have one daughter, Rainey, who is eight years old and lives with Pam most of the time. She spends every other weekend and usually one week night with her father. Ted works for XYZ International. He earned a salary of $96,000 for the current year. His salary was his only source of income. Pam works for ABC Corp. as an accountant. Her salary for the current year was $88,000. ABC is a great place to work. Pam’s health insurance (valued at $4,800 per year) and $6,000 in childcare benefits are provided by ABC Corp. She even received a Christmas bonus of $2,500 in addition to her salary. She held on to the check until January when she cashed it to use on a ski vacation for her and Rainey. Pam slipped and fell at work. She had to undergo surgery on her ankle. She received worker’s compensation benefits…
- Leon Martin is single and has never been married. Leon earned wages of $23,000 during the first half of the year. Leon lost his job in July and received a total of $9,000 in unemployment compensation. Leon is a barber and took a class at the community barber college to improve his barbering skills. He paid the cost of tuition and a course-related book. His qualified education expenses were $2,500. Leon also paid student loan interest for the courses he previously took to earn his Bachelor’s degree. For 2022, he paid student loan interest of $550. Leon does not have any dependents. Leon is a U.S. citizen with a valid Social Security number. 11. What is the taxable amount of Leon's unemployment compensation? A. $0 B. $4,500 C. $9,000 D. $10,200Leon Martin is single and has never been married. Leon earned wages of $23,000 during the first half of the year. Leon lost his job in July and received a total of $9,000 in unemployment compensation. Leon is a barber and took a class at the community barber college to improve his barbering skills. He paid the cost of tuition and a course-related book. His qualified education expenses were $2,500. Leon also paid student loan interest for the courses he previously took to earn his Bachelor’s degree. For 2022, he paid student loan interest of $550. Leon does not have any dependents. Leon is a U.S. citizen with a valid Social Security number. 11. What is the taxable amount of Leon's unemployment compensation? 12. Leon is eligible to claim the Lifetime Learning Credit. 13. Leon can deduct $550 of student loan interest as an adjustment to his income. True FalseMargaret, age 65, and John, age 62, are married with a 23 -year-old daughter who lives in their home. They provide over half of their daughter's support, and their daughter earned $4,100 this year from a part-time job. Their daughter is not a full-time student. The daughter can/cannot be claimed as a dependent because: She cannot be claimed because she is over 19 and not a full-time student. She can be claimed because she is a qualifying child. She can be claimed because she is a qualifying relative. She cannot be claimed because she fails the gross income test.