Jeremy earned $100,500 in salary and $6,250 in interest income during the year. Jeremy’s employer withheld $11,000 of federal income taxes from Jeremy’s paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $27,200 in itemized deductions. Assume CARES Act applies. (Use the tax rate schedules.) I have all the answers correct except the credit part! what does assume the cares act applies mean here? the answer is not 2000 for a have a single qualified child.

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 30P
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Jeremy earned $100,500 in salary and $6,250 in interest income during the year. Jeremy’s employer withheld $11,000 of federal income taxes from Jeremy’s paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $27,200 in itemized deductions. Assume CARES Act applies. (Use the tax rate schedules.) I have all the answers correct except the credit part! what does assume the cares act applies mean here? the answer is not 2000 for a have a single qualified child.
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