Which of the following individuals or couples qualify for the 2018 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.
II.Matthew and Joan, are both 27, married, and have two children. Joan attends medical 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.

Question

Which of the following individuals or couples qualify for the 2018 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.
II.Matthew and Joan, are both 27, married, and have two children. Joan attends medical 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.
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Quizplus · Accepted Answer

Only statement I is correct because Dennis meets the criteria to qualify for the earned income credit as a single individual between the ages of 25 and 64 with earned income under a certain threshold. Statement II is incorrect because Joan's inheritance income does not count as earned income for the purposes of determining eligibility for the earned income credit.

Which of the Following Individuals or Couples Qualify for the 2018