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2021 Basic - Scenario 5: Alan Carmichael - Question 1 of 2. ...

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Accounting

2021 Basic - Scenario 5: Alan Carmichael - Question 1 of 2.
Interview Notes
  • Alan is single and 71 years old.
  • Alan worked as a greeter at the local department store and earned wages of $6,000. Alan also received Social Security benefits of $14,500. He received a taxable pension of $11,700.
  • He retired from his previous job on October 30, 2019. During his career he contributed pretax dollars to a qualified 401(k) retirement plan through his employer.
  • Alan cannot be claimed as a dependent by another taxpayer.
  • Alan is a U.S. citizen with a valid Social Security number.
9. Alan cannot claim the Earned Income Tax Credit because his age is more than the age limit.
True
False
10. Alan must take a required minimum distribution in 2021.
True
False

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