Homework Answers
11. False.
If the couple is married as of December 31, then they are considered to be married for the full year.
12. Single
Josh's 5-year-old brother has stayed with him for only 5 months, which hasn't met the requirements of at least half a year.
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Question 11 (1 point) True or false: A couple cannot claim married filing jointly as their...
Question 1 (1 point) A widow with a dependent child uses the married filing jointly filing...
Question 1 (1 point) A widow with a dependent child uses the married filing jointly filing status for the two years immediately after the year of the spouse's death. 1) True 2) False Question 2 (1 point) Abe and Tammy divorced in 2009. Abe continues to support Tammy's mother, who lives in a nursing home. Abe cannot claim his mother-in-law as a dependent because she no longer passes the relationship test. ( 1) True 2) False Question 3 (2 point)...
d. Married filing separately e. None of these 8. Harpreet, whose husband died in e husband died in December 2018, m...
d. Married filing separately e. None of these 8. Harpreet, whose husband died in e husband died in December 2018, maintains a household in which her dependent mother lives. Which of the following is her filing status for the tax year 20192 (Note: Harpreet is the executor of her husband's estate.) a. Single b. Married, filing separately c. Surviving spouse d. Head of household e. Married, filing jointly 9 Pem single turnover has taxable income of $178.000 and is in...
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...
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
Find the correct filing status. John and Mary have been married 12 months Mary and George...
Find the correct filing status. John and Mary have been married 12 months Mary and George got married on December 31 Ned is not married and supports his mom in the nursing home Leon's wife died last year. Leon supports his 8 year old son. Maria's husband died last year. Maria's children are grown and none of them live with her. Maria is single and supports her son A. Head of household B. Single C. Qualifying widower D. Married filing...
Question 17 (1 point) Sarah is single. However, due to a personal family matter, Sarah has...
Question 17 (1 point) Sarah is single. However, due to a personal family matter, Sarah has been responsible for taking care of her brother. Sam, her brother, is under the age of 18, has no earnings, lives with his sister and is fully supported by her. When Sarah files her taxes, what filing status should she choose? O Married Filing Separately Qualifying Widower Single O Head of Household Question 18 (1 point) Which of the following is not a tax...
A married couple filing jointly with a taxable income of $295,000 and a $6000 tax credit...
A married couple filing jointly with a taxable income of
$295,000 and a $6000 tax credit
The tax code is
mathxl.com mat142 26758 Test: Module 6A Test This Question: 1 pt 9 of 20 (17 complete) Use the 2016 marginal tax rates to compute the tax owed by the following couple. A married couple filing jointly with a taxable income of $295,000 and a $6000 tax credit Click the icon to view the 2016 marginal tax rates. The tax owed...
Question #1 Milo is required to file a federal tax return? a) True or b) Fales...
Question #1 Milo is required to file a federal tax return? a) True or b) Fales Read scenario: Aurora and Oscar separated in 2017 and divorced in October 2019. She earned $40,000 in wages and paid more than half the cost of keeping up her home in 2019. Aurora and Oscar have a son, Milo, who is 17 years old and unmarried. Aurora signed Form 8332 (Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent) allowing Oscar...
EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Phase-Out Threshold Married filing jointly $400,000 Marr...
EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Phase-Out Threshold Married filing jointly $400,000 Married filing separately Head of household and single 200,000 200,000 Source: $24(a) Required information [The following information applies to the questions displayed below. Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use...
QUESTION 1 For purposes of determining head of household filing status, the taxpayer's mother or father...
QUESTION 1 For purposes of determining head of household filing status, the taxpayer's mother or father is considered to be a qualifying person of the taxpayer (even if the mother or father does not qualify as the taxpayer's dependent) as long as the taxpayer pays more than half the costs of maintaining the household of the mother or father. True False QUESTION 2 Lucy and Ricky have been married for 27 years. They have one child, Ricky Jr., who is...
Question 1 (1 point) A widow with a dependent child uses the married filing jointly filing status for the two years immediately after the year of the spouse's death. 1) True 2) False Question 2 (1 point) Abe and Tammy divorced in 2009. Abe continues to support Tammy's mother, who lives in a nursing home. Abe cannot claim his mother-in-law as a dependent because she no longer passes the relationship test. ( 1) True 2) False Question 3 (2 point)...
d. Married filing separately e. None of these 8. Harpreet, whose husband died in e husband died in December 2018, maintains a household in which her dependent mother lives. Which of the following is her filing status for the tax year 20192 (Note: Harpreet is the executor of her husband's estate.) a. Single b. Married, filing separately c. Surviving spouse d. Head of household e. Married, filing jointly 9 Pem single turnover has taxable income of $178.000 and is in...
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
Question 17 (1 point) Sarah is single. However, due to a personal family matter, Sarah has been responsible for taking care of her brother. Sam, her brother, is under the age of 18, has no earnings, lives with his sister and is fully supported by her. When Sarah files her taxes, what filing status should she choose? O Married Filing Separately Qualifying Widower Single O Head of Household Question 18 (1 point) Which of the following is not a tax...
A married couple filing jointly with a taxable income of
$295,000 and a $6000 tax credit
The tax code is
mathxl.com mat142 26758 Test: Module 6A Test This Question: 1 pt 9 of 20 (17 complete) Use the 2016 marginal tax rates to compute the tax owed by the following couple. A married couple filing jointly with a taxable income of $295,000 and a $6000 tax credit Click the icon to view the 2016 marginal tax rates. The tax owed...
EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Phase-Out Threshold Married filing jointly $400,000 Married filing separately Head of household and single 200,000 200,000 Source: $24(a) Required information [The following information applies to the questions displayed below. Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use...
QUESTION 1 For purposes of determining head of household filing status, the taxpayer's mother or father is considered to be a qualifying person of the taxpayer (even if the mother or father does not qualify as the taxpayer's dependent) as long as the taxpayer pays more than half the costs of maintaining the household of the mother or father. True False QUESTION 2 Lucy and Ricky have been married for 27 years. They have one child, Ricky Jr., who is...
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