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1- Which of the following tax credits is repealed by the TCJA and not available for the 2018 tax year?

a. Foreign tax credit

b. Earned income credit

c. Adoption credit

d. Child and dependent care credit & Childcare credit

e. All of the above are available credits

2- Kendra and Nguyen are taxpayers with children ages 25, 10, and 3 and they all have valid social security numbers. Their AGI is $532,200 and they file jointly. What is their child tax credit, assuming all of their children are qualifying children?

a. $0

b. $2,000

c. $2,450

d. $4,500

3- If any tax-free educational assistance for the qualified education expenses paid in 2018, or any refund of your qualified education expenses paid in 2019, is received after you file your 2019 income tax return, taxpayer must:

a. Dont have to do anything

b. Return the amount received

c. Refigure the amount of the education credit and include it as additional tax in the following year

d. Amend their tax returns

4- Dave and Val (MFJ) have 2 dependent children and have AGI of $62,000. Sean is taking 4 credits (part-time enrollment) at City College of Newark. His tuition and fees are $4,200. Corey is a full-time freshman at Tulane University. Her tuition and fees are $39,200. Neither child have felony drug convictions. What amounts may Dave and Val claim as education credits?

a. $840

b. 2,840

c. $3,340

d. $8,840

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