Homework Answers
A) True, as a dependent with less than a income of 4050$ will aid in claiming the said deduction to a limit of 3000$
B)Not true, it's not mandatory to file joint return,howe howmore deductions could be claimed on joint returns rather than seperate return.
C) Not true, as we can file joint returns even spouse has little income or no income.(hence no issue of deemed income)
D) True, as the amount of deduction for two or more dependents is limited to 6,000$
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4) Which of the following statements is not true with regard to the child and dependent...
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hich of the following statements is NOT found in the IRS Tax Code with regard to...
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1) A dependent child, age 18 and single has wages of $3,900 and dividend income of...
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With regard to the child tax credit which of the following statements is correct? The child...
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Taxpayer information Andrew supports his cousin Mary, who does not live with him. Mary has no...
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Required: Determine the amount of the standard deduction for each of the following taxpayers for tax...
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With regard to the child tax credit which of the following statements is correct? The child tax credit is based on the number of the taxpayer's qualifying children under age 17. The maximum credit is $1,500 per qualifying child. A qualifying child does not need to be a citizen of the United States. A qualifying child does not need to be a dependent of the taxpayer claiming the credit. The credit is phased out by $50 for every $1,000 or...
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