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HA - Multiple Choice (Must 14 In June of Year 1. Eric's wife. Savannah, died. Eric...
Chapter 4 (In-Class Assignment) Multiple Choice (CPA Adapted) 1. Parker, whose spouse died during the preceding...
Chapter 4 (In-Class Assignment) Multiple Choice (CPA Adapted) 1. Parker, whose spouse died during the preceding year has not remarried. Parker maintains a home for a dependent child. What is Parker's most advantageous filing status? A. Single B. Head of Household C. Married Filing Separately D. Qualifying Widow(er) 2. Janet and Ted have two children, ages 8 & 10. Janet's mother, Martha, resides in a nursing home nearby. Martha's only income is S1,500 a month in social security. Janet 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
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...
Marcus is a 51 year old widower whose wife died in 2017. During 2018, his 16...
Marcus is a 51 year old widower whose wife died in 2017. During 2018, his 16 year old dependent son lived with him for the entire tax year. Marcus's 2018 income consists of salary of $91,000 and interest income of $19,400. He lives in a state that does not have a state income tax. During the year He paid home mortgage interest expense of $21,000 and real estate taxes of $6,200. He also contributed $10,000 in cash to various charities...
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...
Gary(53) is unmarried. He maintains a home for himself and his daughter. Crystal(19),who lived with Gary...
Gary(53) is unmarried. He maintains a home for himself and his daughter. Crystal(19),who lived with Gary all year. Gary’s wife died on June 26,2015.For 2015 he filed joint return. Gary provides more than 50% of crystal’s support. Crystal is not a student. Gary’s income consisted of $21000 wages and $3000 in dividends ;Crystals gross income was $5350 What is the filing status of Gary: 1. Single 2. Married Filing Jointly 3. Married Filing Separately 4. Head of Household 5. Qualifying...
dependent chadren thond in the preparation of her tax return for 2018, loan should the an...
dependent chadren thond in the preparation of her tax return for 2018, loan should the an A single individual Aquing widower) .. Head of household d. Married in wately e. None of the above 10. Glenda de tape from Kanpaid for more than one-half of the support for her mother, Doroth Detohy did not live with Glenda in Kansas but rather has red in a nursing home in an adjacent statene Dorothy husband died the years Glendas ng should be...
Questions and Problems V. Ramon, a single taxpayer with no dependents, has adjusted gross income for...
Questions and Problems V. Ramon, a single taxpayer with no dependents, has adjusted gross income for 2019 of $98.000 and his itemized deductions total $19.000. What taxable income will Ramon show in 2019? a. $74,950 b. $74,850 c. $79,000 (d) $85 ano LO 1.4 c. $87,650 8. Ben is a single taxpayer with no dependents and is 32 years old. What is the minimum amount of income that he must have to be required to file a tax return for...
1.) Roy(39) is a US citizen. He was married at the beginning of 2019. His wife...
1.) Roy(39) is a US citizen. He was married at the beginning of
2019. His wife lived in the household until august. Their divorce
was finalized on Sept 30, and roy has not remarried. Roy provided
100% of support for his son, who lived with him all year and is his
qualifying child. Roy's most advantageous filling status is?
A. Head of household.
B. Married filing seperate
C. Married filling joint
D. Single.
Question 56 of 75. Carlie (28) is...
24 А. А AaBbCcDd AaBbCcDdi AaBbC( AaB 1 Normal 1 No Spac... Heading 1 Head Paragraph...
24 А. А AaBbCcDd AaBbCcDdi AaBbC( AaB 1 Normal 1 No Spac... Heading 1 Head Paragraph Styles Chapter 2: Filing Status & Injured Spouse Exercise Select the best answer to the questions below by highlighting the answer. 1) Michael provided all the cost of keeping up his home for the year. Michael's son, Justin lived with him the entire year. Justin is 22 and was not a full-time student during the tax year, so he cannot be Michael's qualifying child....
Chapter 4 (In-Class Assignment) Multiple Choice (CPA Adapted) 1. Parker, whose spouse died during the preceding year has not remarried. Parker maintains a home for a dependent child. What is Parker's most advantageous filing status? A. Single B. Head of Household C. Married Filing Separately D. Qualifying Widow(er) 2. Janet and Ted have two children, ages 8 & 10. Janet's mother, Martha, resides in a nursing home nearby. Martha's only income is S1,500 a month in social security. Janet 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
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 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...
dependent chadren thond in the preparation of her tax return for 2018, loan should the an A single individual Aquing widower) .. Head of household d. Married in wately e. None of the above 10. Glenda de tape from Kanpaid for more than one-half of the support for her mother, Doroth Detohy did not live with Glenda in Kansas but rather has red in a nursing home in an adjacent statene Dorothy husband died the years Glendas ng should be...
Questions and Problems V. Ramon, a single taxpayer with no dependents, has adjusted gross income for 2019 of $98.000 and his itemized deductions total $19.000. What taxable income will Ramon show in 2019? a. $74,950 b. $74,850 c. $79,000 (d) $85 ano LO 1.4 c. $87,650 8. Ben is a single taxpayer with no dependents and is 32 years old. What is the minimum amount of income that he must have to be required to file a tax return for...
1.) Roy(39) is a US citizen. He was married at the beginning of
2019. His wife lived in the household until august. Their divorce
was finalized on Sept 30, and roy has not remarried. Roy provided
100% of support for his son, who lived with him all year and is his
qualifying child. Roy's most advantageous filling status is?
A. Head of household.
B. Married filing seperate
C. Married filling joint
D. Single.
Question 56 of 75. Carlie (28) is...
24 А. А AaBbCcDd AaBbCcDdi AaBbC( AaB 1 Normal 1 No Spac... Heading 1 Head Paragraph Styles Chapter 2: Filing Status & Injured Spouse Exercise Select the best answer to the questions below by highlighting the answer. 1) Michael provided all the cost of keeping up his home for the year. Michael's son, Justin lived with him the entire year. Justin is 22 and was not a full-time student during the tax year, so he cannot be Michael's qualifying child....
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