Homework Answers
| Option E is the answer | |
|
All the given choices are included in the household income for purpose of the premium tax credit. Hence option E is the answer Comment if you face any issues |
Add Answer to:
Household income for purpose of the premium tax credit includes all of the following except: a....
1:2-39 tax payments. Dependency Requirements, Child Tax Credit, and Credit for Other Dependents. How many dependents...
1:2-39 tax payments. Dependency Requirements, Child Tax Credit, and Credit for Other Dependents. How many dependents does the taxpayer have, assuming the people involved are U.S. citizens? What amount of credit may be claimed for the taxpayer's dependents? a. Andrew supports his cousin Mary, who does not live with him. Mary has no income and is single. b. Bob and Ann are filing a joint return, Bob provided over one-half of his father's support. The father received Social Security benefits...
1. All of the following are requirements for premium tax credit eligibility EXCEPT: For at least...
1. All of the following are requirements for premium tax credit eligibility EXCEPT: For at least one month of the year, __________ . A. Someone in the taxpayer's family was enrolled in a qualified health plan through the Marketplace. B. Someone in the taxpayer's family who was enrolled in a Marketplace plan was not eligible for minimum essential coverage every day of the month. C. Someone in the taxpayer's family who was enrolled in a Marketplace plan was eligible for...
What is the AGI limit above which each of the following taxpayers would not be eligible to receive a credit for the elderly or the disabled?
What is the AGI limit above which each of the following taxpayers would not be eligible to receive a credit for the elderly or the disabled? AGI Upper Limita. A single taxpayer eligible for the credit who receives $1,400 of nontaxable social security benefits. b. Taxpayers filing a joint return for which one taxpayer is eligible for the credit and the taxpayers have received no social security benefits. c. Taxpayers filing a joint return, and both are eligible for the credit and received $3,400...
All of the following are general sources of federal tax law, EXCEPT: Treasury Department regulations court...
All of the following are general sources of federal tax law, EXCEPT: Treasury Department regulations court decisions tax treaties revenue procedures 2. The main reason taxpayers bring their case to the Tax Court is that: a. taxpayers can be awarded attorney costs if they win b. taxpayers do not have to pay their tax deficiency first c. taxpayers can file their petitions to the court as late as one year after receiving an IRS deficiency notice d. the Tax Court...
Mr. and Mrs. Willet will file their 2020 tax return as married filing joint. They have...
Mr. and Mrs. Willet will file their 2020 tax return as married filing joint. They have an AGI of 35,000, tax exempt income of 2,000, and social security benefits of 15,000 for the year. What amount of their social security benefits must they include in their taxable income? HELP!! ASAP
All of the following are benefits associated with statutory stock options EXCEPT: a) the taxpayer does...
All of the following are benefits associated with statutory stock options EXCEPT: a) the taxpayer does not have to include any amount in income when the option is granted. b) the taxpayer does not have to include any amount in their regular, taxable income when they exercise the option. c) all profits from the sale of underlying stock are subject to the more favorable capital gain tax rates. d) if the taxpayer has a nonqualifying disposition, the amount of compensation...
6) April and Joey are both 74 years old and received $1,500 in nontaxable social security...
6) April and Joey are both 74 years old and received $1,500 in nontaxable social security benefits. Their AGI for the year was $18,000. How much can April and Joey claim as a credit for the elderly or the disabled? A) $300. B) $1,125 C) S1,500. D) $2,000. 7) Tai and Song are ages 69 and 59, respectively, and file a joint return. They have AGI of $20,000 and received $2,000 in nontaxable social security benefits. How much can Tai...
what is the taxable amount of social security income reported on the tax return if a...
what is the taxable amount of social security income reported on the tax return if a single taxpayer's income included 9,400 in social security benefits and 150 in interest income
all of the following are true regarding the California tax on Social Security income except: A...
all of the following are true regarding the California tax on Social Security income except: A California does not tax Social Security income from the United States. B California does not text Social Security income from survivor benefits see California does not text Social Security income from disability benefits De California partially taxes Social Security income from the United States
eBook Calculator Print Item Exercise 4-26 (Algorithmic) (LO. 4) Determine the taxable amount of social security...
eBook Calculator Print Item Exercise 4-26 (Algorithmic) (LO. 4) Determine the taxable amount of social security benefits for the following situations. If required, round your answers to the nearest dollar. If an amount is zero, enter "0". Erwin and Eleanor are married and file a joint tax return. They have adjusted gross income of $42,600, no tax-exempt interest, and $14,910 of Social Security benefits. As a result, 7,455 x of the Social Security benefits are taxable. b. Assume Erwin and...
1:2-39 tax payments. Dependency Requirements, Child Tax Credit, and Credit for Other Dependents. How many dependents does the taxpayer have, assuming the people involved are U.S. citizens? What amount of credit may be claimed for the taxpayer's dependents? a. Andrew supports his cousin Mary, who does not live with him. Mary has no income and is single. b. Bob and Ann are filing a joint return, Bob provided over one-half of his father's support. The father received Social Security benefits...
6) April and Joey are both 74 years old and received $1,500 in nontaxable social security benefits. Their AGI for the year was $18,000. How much can April and Joey claim as a credit for the elderly or the disabled? A) $300. B) $1,125 C) S1,500. D) $2,000. 7) Tai and Song are ages 69 and 59, respectively, and file a joint return. They have AGI of $20,000 and received $2,000 in nontaxable social security benefits. How much can Tai...
eBook Calculator Print Item Exercise 4-26 (Algorithmic) (LO. 4) Determine the taxable amount of social security benefits for the following situations. If required, round your answers to the nearest dollar. If an amount is zero, enter "0". Erwin and Eleanor are married and file a joint tax return. They have adjusted gross income of $42,600, no tax-exempt interest, and $14,910 of Social Security benefits. As a result, 7,455 x of the Social Security benefits are taxable. b. Assume Erwin and...
Most questions answered within 3 hours.
-
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 13 seconds from now -
Sodium reacts with Hydrochloric acid to form sodium chloride and
hydrogen gas. 2Na(s)+ 2 HCl(aq)-> 2...
asked 19 seconds ago -
The following circuits (1 & 2) are combined to form a
series-parallel circuit and resulting circuit...
asked 7 minutes ago -
Feynman's use of path integrals can make some of the transition
from quantum scale to real...
asked 7 minutes ago -
Pb(NO3)2 (aq) + 2 KCl (aq) PbCl2 (s) + 2 KNO3 (aq)
If 54.5mL of 3.82M...
asked 8 minutes ago -
Razeghi (2008) states "In order to succeed at innovation, do not
focus on being creative; rather...
asked 14 minutes ago -
How much heat is required at constant pressure to melt 1 mole of
ice at -25...
asked 17 minutes ago -
Suppose N is a discrete random variable defined by probability
distribution:
n
Pr(N = n)
10...
asked 18 minutes ago -
why are special-interest travelers becoming more important to
tourism service suppliers?
asked 22 minutes ago -
A 50.0-kg child takes a ride on a Ferris wheel that rotates four
times each minute...
asked 44 minutes ago -
What happens to the distribution of gene alleles when a
reproductive isolation arises between different population...
asked 42 minutes ago -
1 – Balance the following
Bi(OH)3 + SnO22- →
SnO32- +
Bi
asked 55 minutes ago