If James wife passed away on may 5, 2019, will he file as qualified widow or...
If James wife passed away on may 5, 2019, will he file as qualified widow or married filing joint on April 15, 2020?
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If James wife passed away on may 5, 2019, will he file as
qualified widow or...
Determine the appropriate number of Qualified Dependents for the following taxpayer: T) is unmarried and supports...
Determine the appropriate number of Qualified Dependents for the following taxpayer: T) is unmarried and supports his son and his son's wife, both of whom lived with him for the entire year. His son and daughter-in-law (both age 20) file a joint return to get a full refund, as their gross income was $3,500. Both son and daughter-in-law are full-time students at a local college. QUESTION 2 Identify the best Filing Status for the following taxpayer: Ted is divorced and...
Lyle filed his original 2018 return on March 3, 2019 and paid the balance due at...
Lyle filed his original 2018 return on March 3, 2019 and paid the balance due at that time. After filing, he realized that he qualified to claim his nephew as a dependent. What is the last day that Lyle may file his amended return in order to receive a refund? April 15, 2020. March 3, 2022. April 15, 2022. March 2, 2024.
Question 32 (1 point) Bill died on February 5, 2016. His wife, Bonnie, and their 20-year-old...
Question 32 (1 point) Bill died on February 5, 2016. His wife, Bonnie, and their 20-year-old son, Bob, survive. In 2019, Bob attends college part-time. His taxable wages are $4,500 and he lives with his mother the entire year. Bonnie pays all of the household costs. What is Bonnie's filing status for 2019? 1) Single 2) Qualifying widow(er) 3) Married, filing jointly 4) Head of household 5) None of the above
Joe and Susan are married. They have two children, Jack and Jill ages 4 and 6....
Joe and Susan are married. They have two children, Jack and Jill ages 4 and 6. In 2020, they had the following transactions 1 Joe has taxable wages of $125,000. 2 Susan has taxable wages of $200,000 3 Interest income of $700 4 Their joint stock portfolio was valued at $39,000 on January 1, 2019. On December 31, 2019 it was valued at $47,000. 5. They paid mortgage interest of $22,000 on their primary residence. 6. They paid $6,000 of...
In 2019, Brian and Erin, who are married and file a joint return, paid $4,700 of...
In 2019, Brian and Erin, who are married and file a joint return, paid $4,700 of interest on a qualified student loan. Their MAGI was $153,000 Round any division to four decimal places. Round your final answer to the nearest dollar. They may deduct $ of the student loan interest as a deduction for AGI.
United States Tax System household for support from his wife. 1:2-44 Filing Status. For the following...
United States Tax System
household for support from his wife. 1:2-44 Filing Status. For the following independent situations, determine the filing status for the years in question. a. Wayne and Celia had been married for 24 years before Wayne died in an accident in 2018. Celia and her son, Wally, age 21 in 2018, continued to live at home in 2018, 2019, 2020, and 2021. Wally worked part-time (earning $5,000 in each of the four years) and attended the university...
Gary(53) is unmarried. He maintains a home for himself and his daughter. Crystal(19),who lived with Gary...
Gary(53) is unmarried. He maintains a home for himself and his daughter. Crystal(19),who lived with Gary all year. Gary’s wife died on June 26,2015.For 2015 he filed joint return. Gary provides more than 50% of crystal’s support. Crystal is not a student. Gary’s income consisted of $21000 wages and $3000 in dividends ;Crystals gross income was $5350 What is the filing status of Gary: 1. Single 2. Married Filing Jointly 3. Married Filing Separately 4. Head of Household 5. Qualifying...
1.) Roy(39) is a US citizen. He was married at the beginning of 2019. His wife...
1.) Roy(39) is a US citizen. He was married at the beginning of
2019. His wife lived in the household until august. Their divorce
was finalized on Sept 30, and roy has not remarried. Roy provided
100% of support for his son, who lived with him all year and is his
qualifying child. Roy's most advantageous filling status is?
A. Head of household.
B. Married filing seperate
C. Married filling joint
D. Single.
Question 56 of 75. Carlie (28) is...
15. Ben is married and in 2019 will file a joint federal income tax return with...
15. Ben is married and in 2019 will file a joint federal income tax return with his wife, Gerri. They have twin sons, age 18, who qualify as their dependents, and no other children. Their taxable income in 2019 is $425.000, all of which is ordinary income. Using the federal tax rate schedules for 2019. Ben and Gerri's gross federal income tax liability for 2019 (before any additional taxes or tax credits) will be: A. $96,197 B. $99,137 C. $100,129...
Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0"....
Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. $ $ a. Ellie is 15 and claimed as a dependent by her parents. She has $500 in dividends income and $3,440 in wages from a part-time job. b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $11,325....
Determine the appropriate number of Qualified Dependents for the following taxpayer: T) is unmarried and supports his son and his son's wife, both of whom lived with him for the entire year. His son and daughter-in-law (both age 20) file a joint return to get a full refund, as their gross income was $3,500. Both son and daughter-in-law are full-time students at a local college. QUESTION 2 Identify the best Filing Status for the following taxpayer: Ted is divorced and...
Question 32 (1 point) Bill died on February 5, 2016. His wife, Bonnie, and their 20-year-old son, Bob, survive. In 2019, Bob attends college part-time. His taxable wages are $4,500 and he lives with his mother the entire year. Bonnie pays all of the household costs. What is Bonnie's filing status for 2019? 1) Single 2) Qualifying widow(er) 3) Married, filing jointly 4) Head of household 5) None of the above
In 2019, Brian and Erin, who are married and file a joint return, paid $4,700 of interest on a qualified student loan. Their MAGI was $153,000 Round any division to four decimal places. Round your final answer to the nearest dollar. They may deduct $ of the student loan interest as a deduction for AGI.
United States Tax System
household for support from his wife. 1:2-44 Filing Status. For the following independent situations, determine the filing status for the years in question. a. Wayne and Celia had been married for 24 years before Wayne died in an accident in 2018. Celia and her son, Wally, age 21 in 2018, continued to live at home in 2018, 2019, 2020, and 2021. Wally worked part-time (earning $5,000 in each of the four years) and attended the university...
1.) Roy(39) is a US citizen. He was married at the beginning of
2019. His wife lived in the household until august. Their divorce
was finalized on Sept 30, and roy has not remarried. Roy provided
100% of support for his son, who lived with him all year and is his
qualifying child. Roy's most advantageous filling status is?
A. Head of household.
B. Married filing seperate
C. Married filling joint
D. Single.
Question 56 of 75. Carlie (28) is...
15. Ben is married and in 2019 will file a joint federal income tax return with his wife, Gerri. They have twin sons, age 18, who qualify as their dependents, and no other children. Their taxable income in 2019 is $425.000, all of which is ordinary income. Using the federal tax rate schedules for 2019. Ben and Gerri's gross federal income tax liability for 2019 (before any additional taxes or tax credits) will be: A. $96,197 B. $99,137 C. $100,129...
Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. $ $ a. Ellie is 15 and claimed as a dependent by her parents. She has $500 in dividends income and $3,440 in wages from a part-time job. b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $11,325....
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