Which of the following individuals or couples qualify for the 2013 earned income credit? I. Dennis is single and 25 years old. He is a recent graduate of Holly Technical College. During the year, Dennis cannot find a full-time job, but makes $7,000 as a waiter. Matthew and Joan, are both 27, married, and have two children. Joan attends medical II. school while Matthew stays home with the children. Joan also works part-time at the hospital and earns $9,000. In addition, Joan inherits a substantial amount of money from her grandfather, which pays $5,000 of interest during the year.
A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.
Correct Answer:
Verified
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