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Riley is single and has no qualifying child. His AGI is $13,495. In order to claim...

Riley is single and has no qualifying child. His AGI is $13,495. In order to claim the EITC, he must meet all of the following requirements EXCEPT: *

A. He must be between the ages of 25 and 65.

B. He cannot be the dependent of another taxpayer.

C. He must reside in the U.S. more than half the year.

D. He must earn his income as an employee. He cannot be self-employed.

Solutions

Expert Solution

Answer : Correct Option is (d.) He must earn his income as an employee. He cannot be self-employed.

Reason :

A person in order to claim EITC doesnot always earn income as employee. He can be self employed as well. A self employed can also claim The EITC provided he satifies the other mandatory requirement. Therefore Riley is single and has no qualifying child. His AGI is $13,495. In order to claim the EITC, he must meet all of the following requirements EXCEPT that He must earn his income as an employee. He cannot be self-employed.

jeff jeffy answered 2 years ago
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