Which of the Following Individuals or Couples Qualify for the 2012

question 113

Multiple Choice

Which of the following individuals or couples qualify for the 2012 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.

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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