Question

25. Which of the following individuals are required to file a tax return for 2019? Should any of these individuals file a return even if filing is not required? Why or why not?

a. Patricia, age 19, is a self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amounted to $4900.

b. Mike is single and is 67 years old. His gross income from wages was $10,800.

c. Ronald is a dependent child under age 19 who received $6,800 in wages from a part-time job.

d. Sam is married and files a joint return with his spouse, Lana. Both Sam and Lana are 67 years old. Their combined gross income was $24,250.

e. Quinn, age 20, is a full- time college student who is claimed as a dependent by his parents. For 2019, Quin has taxable interest and dividends of $2,500.

Answer 1

Part A

Patricia is not required to file a tax return for 2019 as her self-employment income of $300 (5200-4900) is less than $400

Part B

Mike is not required to file a tax return for 2019 as his income is less than $13,850

Part C

Ronald is not required to file a tax return for 2019 as his income is less than standard deduction of $12200

Part D

Sam and Lana are not required to file a tax return for 2019 as their combined gross income is less than $27000

Part E

Quinn is not required to file a tax return for 2019 as her income is more than $1100.