Which of the following individuals or couples qualify for the 2016 earned income credit?
I.Holly is single,23 years old,and has just finished drama school.She earns $2,000 doing commercials and another $6,000 as a taxicab driver.
II.Larry and Shari are both 30 years old.Larry works part-time and earns $6,000,and Shari,who is starting her own business,earns $9,000.They have one child.

Question

Which of the following individuals or couples qualify for the 2016 earned income credit?
I.Holly is single,23 years old,and has just finished drama school.She earns $2,000 doing commercials and another $6,000 as a taxicab driver.
II.Larry and Shari are both 30 years old.Larry works part-time and earns $6,000,and Shari,who is starting her own business,earns $9,000.They have one child.
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Quizplus · Accepted Answer

To qualify for the Earned Income Credit (EIC) in 2016, a single person without children must be at least 25 years old. Holly is 23, so she does not qualify. Larry and Shari, however, qualify because they have a child, and their combined income is within the limits for a couple with one child.

Which of the Following Individuals or Couples Qualify for the 2016