Which of the following individuals or couples qualify for the 2012 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

Quizplus · Accepted Answer

Only statement II is correct. Larry and Shari qualify for the Earned Income Credit because they have earned income and a qualifying child. Holly does not qualify because she does not have a qualifying child and her earned income is below the threshold for the EIC.

Which of the Following Individuals or Couples Qualify for the 2012