Scenario 6: Lucas and Abigail Brown Lucas and Abigail are married and want to...

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Accounting

Scenario 6: Lucas and Abigail Brown Lucas and Abigail are married and want to file a joint return. Lucas earned $35,000 in wages and Abigail earned $20,000 in wages. Lucas and Abigail have three children. Their twin sons, Mason and Logan, are both 4 years old. Their oldest son Warren is 17 years old. Mason, Logan, and Warren lived with their parents all year and did not provide more than half of their own support. Lucas and Abigail paid $5,000 in daycare for Mason and Logan. The statement from the daycare provider includes the providers name, address, valid Employer Identification Number, and the amount paid for care. Lucas, Abigail, Mason, Logan, and Warren are all US Citizens with valid Social Security numbers. 12.The Browns qualify for which of the following credits? a. Earned income credit b. Child and dependent care credit c. Both a and b d. Neither a nor b 13.The refundable portion of the child tax credit is limited to $1,400 per child for the 2021 tax year. a. True b. False

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