Question

Tax Prep 1 (Tax course 101 Final) Back . < $250 000 d. None of these Marks 1 John is a single taxpayer His taxable income on Form 1040, line 10 is $21,810 John will use which method to figure the tax on his taxable income Choose one answer a Tax table Tax rate schedule Percentage od Tax calculation works O O d Glenn's AG $34 500 He had $4,222 in medical and dental expenses. How much can he deduct on Schedule A for these expenses? 36 Mars Choose one answer 4 51614 de Trainin... A 9 2

Answer 1

35) John will use (a) A taxable table to figure out the tax on his taxable income

From taxable table, different ranges of income and tax amounts are specified. From there individual has to figure out his tax on taxable income .

36)d) $ 1,634.

that is $ 4,222 - 7.5 % of $ 345,00 = $ 1,634

37) b) homeowner association due is not considered a charitable contribution on schedule A

Because it can't be called a charitable expenditure or contribution.

38) c) $ 7,350.

In 2019, standard deduction is total earned income + $350 .So, here it is $ 7,000 + $ 350 = $ 7,350

39) c) 0.

Because his wife ( Monica)  is looking for work only but she had no any earned income. They can't be allowed to have any child and dependent care credit.

40) d)  The taxpayers spouse didn't live in the home during last 6 months on the tax year.

Because it doesn't necessarily mean they are separated and divorce decree given within 31st December. It also not necessarily mean he has or not having any dependents in his home in this case, during the tax year.