Question 1. If a taxpayer chooses to claim a foreign tax credit, part o

1. If a taxpayer chooses to claim a foreign tax credit, part of the foreign income taxes paid can also be claimed as a deduction.

a. True

b. False

2. An individual generally may claim a credit for adoption expenses in the year in which the expenses are paid.

a. True

b. False

3. The child tax credit is based on the number of the taxpayer’s qualifying children under age 17.

a. True

b. False

4. The maximum child tax credit under current law is $1,500 per qualifying child.

a. True

b. False

5. The maximum credit for child and dependent care expenses is $2,100 if only one spouse is employed and the other spouse is a full-time student.

a. True

b. False

6. Expenses that are reimbursed by a taxpayer’s employer under a dependent care assistance program can also qualify for the credit for child and dependent care expenses.

a. True

b. False

7. For purposes of computing the credit for child and dependent care expenses, the qualifying employment-related expenses are limited to an individual’s actual or deemed earned income.

a. True

b. False

8. A taxpayer may qualify for the credit for child and dependent care expenses if the taxpayer’s dependent is under age 17.

a. True

b. False

9. Child care payments to a relative are noteligible for the credit for child and dependent care expenses if the relative is a child (under age 19) of the taxpayer.

a. True

b. False

10.Child and dependent care expenses include amounts paid for general household services.

a. True

b. False

.

11.The education tax credits (i.e., the American Opportunity credit and the lifetime learning credit) are available to help defray the cost of higher education regardless of the income level of the taxpayer.

a. True

b. False

12.Both education tax credits are available for qualified tuition expenses, and in certain instances, also may be available for room and board.

a. True

b. False

13.The American Opportunity credit is available per eligible student, while the lifetime learning credit is calculated per taxpayer.

a. True

b. False

14.Qualifying tuition expenses paid from the proceeds of a tax-exempt scholarship do notgive rise to an education tax credit.

a. True

b. False

15.For the current year, the base amountfor the Social Security portion (old age, survivors, and disability insurance) is different from that for the Medicare portion of FICA.

a. True

b. False

16.If an employee holds two jobs during the year, an overwithholding of FICA tax will

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