Question

Questions and Problems V. Ramon, a single taxpayer with no dependents, has adjusted gross income for 2019 of $98.000 and his itemized deductions total $19.000. What taxable income will Ramon show in 2019? a. $74,950 b. $74,850 c. $79,000 (d) $85 ano LO 1.4 c. $87,650 8. Ben is a single taxpayer with no dependents and is 32 years old. What is the minimum amount of income that he must have to be required to file a tax return for 20192 a. $4,200 b. $12,700 C. $12,000 d. $12.200 c. None of the above 9. Joan, who was divorced in 2019, had filed a joint tax retum with her husband in 2018 During 2019, she did not remarry and continued to maintain her home in which her five dependent children lived. In the preparation of her tax return for 2019, Joan should file as a. A single individual b. A qualifying widow(er) Head of household d. Married, filing separately e. None of the above 10. Glenda, a single taxpayer from Kansas, paid for more than one-half of the support for her mother, Dorothy. Dorothy did not live with Glenda in Kansas, but rather has lived in a nursing home in an adjacent state since Dorothy's husband died three years ago. Glenda's filing status should be: a. Single b. Married filing separately c. Qualifying widower d. Head of household e. Parental dependent 1. Margaret and her sister support their mother and together provide 85 percent of their mother's support. If Margaret provides 40 percent of her mother's support: a. Her sister is the only one who can claim their mother as a dependent b. Neither Margaret nor her sister may claim their mother as a dependent. C. Both Margaret and her sister may claim their mother as a dependent d. Margaret and her sister may split the dependency exemption. e. Margaret may claim her mother as a dependent if her sister agrees in a multiple support agreement, 12. Margaret, age 65, and John, age 62, are married with a 23-year-old daughter who lives in their home. They provide over half of their daughter's support, and their daughter eamed $4,100 this year from a part-time job. Their daughter is not a full-time student. The daughter can/cannot be claimed as a dependent because: a. She cannot be claimed because she is over 19 and not a full-time student. b. She can be claimed because she is a qualifying child. She can be claimed because she is a qualifying relative. d. She cannot be claimed because she fails the gross income test. No 155 Ham less than 4,200

Answer 1

Page No. Date (7) A. Gross Income <sto ded" < Itemued deen Taxeble income in case of single taxpayer standard deduction allowed is $12800 where as itemused dean is $19000 Hence taxable income $ 98000 - $ 1907 $79000 (8) Not required to file tek zetum is grous encome is less than personal exemption f standard deduchon So, assuming no personal exemphon. hence standard deduchon de $ 12200 will be the minimum income for 20191

Ansule is Sengle individual.. Qualified Widower - Incorrect as condikon of death do not satisfy Head of house hold peuod is not more year end as Incorrect as separation than 6 month at Married taken felling jointly - In correct as dendice (as of year ends. Correct Answer is Head of Household as it satisfy both the condesion (1) Unmqusied (2) Dependent Parent - not requue to live with taxpayer . proude once > 50% support cost 3 m Meets "qualifying selstuse" defrokos Others options condenons do not satisfy On the same explanation aboue, only her seslee qualities to claim as dependant hence Correct answer is ça !

Date (129 To claim as dependent child, it needs to meet the londehon of qualifying child. For qualifying child there is a age limit of gyps As their daughter is 23 ups old which is more than 19 ups Hence correct answer is (A)