Homework Answers
Answer: a. State penalties and interest on income taxes paid in 2018
As
You can claim deductions for
1. Taxes withheld during the year
2. Taxes paid during the year 2018 for the year
3. Taxes paid during the year for prior years
4. Contributions to some funds
But
not for interest or penalties etc so here option a is our answer
Add Answer to:
O b. Certain Gambling winning C.HSA contributions d Child care expenses c Which of the following...
10. Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. a. True b. False...
10. Archie can claim total deductible medical expenses
that exceed 7.5% of his adjusted gross income.
a. True
b. False
11. What is the total amount of state income and real
estate taxes deductible on Archie's Form 1040, Schedule
A?
a. $14,597
b. $14,547
c. $10,000
d. $9,507
12. Which of the following is Archie able to claim as a
deduction on his Form 1040, Schedule A?
a. Investment expense
b. Tax preparation fee
c. Gambling losses
d. None of...
65 What is the standard deduction for Brad who is 70, filing MFS and blind? Marks:...
65 What is the standard deduction for Brad who is 70, filing MFS and blind? Marks: 1 Choose one answer Which of the following statements is not true about limits on 2018 itemized deductions? Marks: 1 Choose one answer a Qualified medical expenses must be reduced by 75% of the AGI b. The deduction of state and local taxes paid is limited to $10,000 c. Depending on the type of contribution and recipient of the contribution, the deduction for charitable...
Which of the following statements is false? A. The maximum nonrefundable amount of the child tax...
Which of the following statements is false? A. The maximum nonrefundable amount of the child tax credit is $2,000 per qualifying child. B. The maximum nonrefundable amount of the credit for other dependents is $500 per qualifying dependent. C. The amount of the refundable additional child tax credit is limited to $1,400 per qualifying child. D. Children with an ITIN qualify for the child tax credit and the additional child tax credit. Ed is single with no dependents. He has...
pls asap ！ BlueBoole MULTIPLE CHOICE. Choose the one alternative that best completes the statement or...
pls asap ！
BlueBoole MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Taxable income for an individual is defined as A) AGI reduced by tax credits. B) AGI reduced by itemized deductions and tax credits. C) gross income reduced by itemized deductions. D) AGI reduced by the greater of the standard deduction or itemized deductions. 1) 2) All of the following items are A) child support payments. B) interest on state and...
Which of the following is equal to government revenue losses attributable to tax law provisions that...
Which of the following is equal to government revenue losses attributable to tax law provisions that allow special exclusions, exemptions, or deductions from gross income or that provide a special credit, preferential tax rate or deferral of liability? a tax credits ob withholding ge tax experuliures d. tax deductions QUESTIONS Which item was the largest tax expenditure of the federal government in 2018? a exclusion of pension contributions and earnings, including 401(k) plans b deductibility of home mortgage interest c.exclusion...
3. Lindsay, a California resident with a federal AGI of $100,000, reported the following items on...
3. Lindsay, a California resident with a federal AGI of $100,000, reported the following items on her federal Schedule A (Itemized Deductions): State taxes withheld Real estate taxes California SDI Personal property taxes on a vehicle Mortgage interest Tax preparation fees Charitable contributions Legal fees for tax representation $1,095 $1,452 $ 495 $ 265 $5,980 $ 150 $ 680 $ 700 What is the total amount of her California itemized deductions? a) $10,817 b) $ 8,872 c) $ 6,660 d)...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...
Hello my name is Pete. I am looking to improve in this class and wanted to...
Hello my name is Pete. I am looking to improve in this class and wanted to see if anyone would be able to help me with these questions. Thank you ahead of time. Here is the information. Erica Swanson (SSN 376-38-4930), age 46, is a single parent with three children: Her biological son, Sean Swanson (age 19) is a part-time college student who works fulltime as a landscaper Her biological daughter, Brooklyn Swanson (age 14) Her adopted daughter, Sydney Swanson...
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred...
Alfred E. Old and Beulah A. Crane, each age 42, married on
September 7, 2016. Alfred and Beulah will file a joint return for
2018. Alfred's Social Security number is 111-11-1112. Beulah's
Social Security number is 123-45-6789, and she adopted "Old" as her
married name. They live at 211 Brickstone Drive, Atlanta, GA
30304.
Alfred was divorced from Sarah Old in March 2016. Under the
divorce agreement, Alfred is to pay Sarah $1,250 per month for the
next 10 years...
can someone check this for me False 1. Pete and Shirley are filing a joint return....
can someone check this for me
False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of their exemptions for tax year 2019 is $16,800. 2. Bill and Martha are filing a joint return. They are both over 65 years old. Neither of them are blind. What is their standard deduction? 27000 A. 50 (Do not enter dollar signs, commas, periods, or decimal points in your answer.) 3. Sarah's divorce was finalized...
10. Archie can claim total deductible medical expenses
that exceed 7.5% of his adjusted gross income.
a. True
b. False
11. What is the total amount of state income and real
estate taxes deductible on Archie's Form 1040, Schedule
A?
a. $14,597
b. $14,547
c. $10,000
d. $9,507
12. Which of the following is Archie able to claim as a
deduction on his Form 1040, Schedule A?
a. Investment expense
b. Tax preparation fee
c. Gambling losses
d. None of...
65 What is the standard deduction for Brad who is 70, filing MFS and blind? Marks: 1 Choose one answer Which of the following statements is not true about limits on 2018 itemized deductions? Marks: 1 Choose one answer a Qualified medical expenses must be reduced by 75% of the AGI b. The deduction of state and local taxes paid is limited to $10,000 c. Depending on the type of contribution and recipient of the contribution, the deduction for charitable...
Which of the following statements is false? A. The maximum nonrefundable amount of the child tax credit is $2,000 per qualifying child. B. The maximum nonrefundable amount of the credit for other dependents is $500 per qualifying dependent. C. The amount of the refundable additional child tax credit is limited to $1,400 per qualifying child. D. Children with an ITIN qualify for the child tax credit and the additional child tax credit. Ed is single with no dependents. He has...
pls asap ！
BlueBoole MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Taxable income for an individual is defined as A) AGI reduced by tax credits. B) AGI reduced by itemized deductions and tax credits. C) gross income reduced by itemized deductions. D) AGI reduced by the greater of the standard deduction or itemized deductions. 1) 2) All of the following items are A) child support payments. B) interest on state and...
Which of the following is equal to government revenue losses attributable to tax law provisions that allow special exclusions, exemptions, or deductions from gross income or that provide a special credit, preferential tax rate or deferral of liability? a tax credits ob withholding ge tax experuliures d. tax deductions QUESTIONS Which item was the largest tax expenditure of the federal government in 2018? a exclusion of pension contributions and earnings, including 401(k) plans b deductibility of home mortgage interest c.exclusion...
Alfred E. Old and Beulah A. Crane, each age 42, married on
September 7, 2016. Alfred and Beulah will file a joint return for
2018. Alfred's Social Security number is 111-11-1112. Beulah's
Social Security number is 123-45-6789, and she adopted "Old" as her
married name. They live at 211 Brickstone Drive, Atlanta, GA
30304.
Alfred was divorced from Sarah Old in March 2016. Under the
divorce agreement, Alfred is to pay Sarah $1,250 per month for the
next 10 years...
can someone check this for me
False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of their exemptions for tax year 2019 is $16,800. 2. Bill and Martha are filing a joint return. They are both over 65 years old. Neither of them are blind. What is their standard deduction? 27000 A. 50 (Do not enter dollar signs, commas, periods, or decimal points in your answer.) 3. Sarah's divorce was finalized...
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