Homework Answers
Question No. (1)
Answer -
The given statement is False because, a widow with a dependent child uses qualifying widower filing status that allows taxpayer to retain the benefits of the married filing jointly status for two years after the year of spouse's death.
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Question No. (2)
Answer -
The given statement is False because, relationships that were established by marriage are not ended by death or divorce.
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Question No. (3)
Answer -
The given statement is True.
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Question 1 (1 point) A widow with a dependent child uses the married filing jointly filing...
63 55 QUESTION 1 66 67 59 20 For purposes of determining head of household filing...
63 55 QUESTION 1 66 67 59 20 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 11 (1 point) True or false: A couple cannot claim married filing jointly as their...
Question 11 (1 point) True or false: A couple cannot claim married filing jointly as their filing status if they were not married more than half of the taxable year. True False Question 12 (1 point) Josh took care of his 5 year old brother for 5 months in 2019. During that time, Josh provided all of the housing and support for his brother. His mother took care of his brother the rest of the year. What would Josh claim...
3) Give an example of a situation where a taxpayer's child can be considered a dependent...
3) Give an example of a situation where a taxpayer's child can be considered a dependent of the taxpayer through the qualifying relative rules, but will not qualify through the qualifying child rules. 4) Review the tests for "support" in the text. There is a subtle, yet important, difference in the way support is considered in order to be a "qualifying child" versus a "qualifying relative." What is that difference? 5) Divorced parents are in the situation of having to...
3) Give an example of a situation where a taxpayer's child can be considered a dependent...
3) Give an example of a situation where a taxpayer's child can be considered a dependent of the taxpayer through the qualifying relative rules, but will not qualify through the qualifying child rules. 4) Review the tests for "support" in the text. There is a subtle, yet important, difference in the way support is considered in order to be a "qualifying child" versus a "qualifying relative." What is that difference? 5) Divorced parents are in the situation of having to...
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 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 44 of 75. h (35) is divorced from Dan (40). They are the parents of Boyd (12). Boyd live...
Question 44 of 75. h (35) is divorced from Dan (40). They are the parents of Boyd (12). Boyd lives with his mother, Barb, who pays over half ost of maintaining the home. The divorce decree gives Dan the unconditional right to claim the dependency exemption for filing status is 0 Head of household. O Married filing jointly O Married fling separately O Single tion for Boyd. Boyd meets all of the tests for dependency for Barb as a qualifying...
1) A dependent child, age 18 and single has wages of $3,900 and dividend income of...
1) A dependent child, age 18 and single has wages of $3,900 and dividend income of $3,300 in tax year 2014. What is her standard deduction? 2) Refer to question 1. Assume that she is subject to the kiddie tax, and her father, her sole surviving parent, has taxable income of $49,000 and files his 2014 return using the head of household filing status. What is the child's tax liability? 3) A taxpayer who provides 40% of the support of...
this legend or statuses) in each of the following independent cases, using A - Single B...
this legend or statuses) in each of the following independent cases, using A - Single B Married, filing a joint return c Married, filing separate returns D Head of household E - Qualifying widow(er) Case Filing Status 1. The taxpayers are married on December 31 a 2. The taxpayer is single, with 3. The taxpayer is unmarried and i 4. The taxpayer is married and his spouse left midyear and has f the tax yea a dependent child living in...
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
63 55 QUESTION 1 66 67 59 20 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 11 (1 point) True or false: A couple cannot claim married filing jointly as their filing status if they were not married more than half of the taxable year. True False Question 12 (1 point) Josh took care of his 5 year old brother for 5 months in 2019. During that time, Josh provided all of the housing and support for his brother. His mother took care of his brother the rest of the year. What would Josh claim...
3) Give an example of a situation where a taxpayer's child can be considered a dependent of the taxpayer through the qualifying relative rules, but will not qualify through the qualifying child rules. 4) Review the tests for "support" in the text. There is a subtle, yet important, difference in the way support is considered in order to be a "qualifying child" versus a "qualifying relative." What is that difference? 5) Divorced parents are in the situation of having to...
3) Give an example of a situation where a taxpayer's child can be considered a dependent of the taxpayer through the qualifying relative rules, but will not qualify through the qualifying child rules. 4) Review the tests for "support" in the text. There is a subtle, yet important, difference in the way support is considered in order to be a "qualifying child" versus a "qualifying relative." What is that difference? 5) Divorced parents are in the situation of having to...
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 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 44 of 75. h (35) is divorced from Dan (40). They are the parents of Boyd (12). Boyd lives with his mother, Barb, who pays over half ost of maintaining the home. The divorce decree gives Dan the unconditional right to claim the dependency exemption for filing status is 0 Head of household. O Married filing jointly O Married fling separately O Single tion for Boyd. Boyd meets all of the tests for dependency for Barb as a qualifying...
this legend or statuses) in each of the following independent cases, using A - Single B Married, filing a joint return c Married, filing separate returns D Head of household E - Qualifying widow(er) Case Filing Status 1. The taxpayers are married on December 31 a 2. The taxpayer is single, with 3. The taxpayer is unmarried and i 4. The taxpayer is married and his spouse left midyear and has f the tax yea a dependent child living in...
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
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