Homework Answers
17.
2019 Standard deduction for married filing jointly is $24,400
An additional $1,300 for each spouse of age 65 is or above.
So, the amount of Noah and Ella's standard deduction is $ 25,700
Add Answer to:
17. What is the amount of Noah and Ella's standard deduction? $ 18. Which of the...
C. $2,175 d. $31,000 B 17. What is the amount of Noah and Ella's standard deduction?...
C. $2,175 d. $31,000 B 17. What is the amount of Noah and Ella's standard deduction? $_24 the total payments on Noah and Ella's 18. Which of the following items are included in the total payments on Noah tax return? a. Federal income tax withheld from Forms W-2 and 1099 b. $500 estimated tax payment c. Refundable credits d. All of the above 19. Leo and Freddie are dependents on Noah and Ella's 2019 tax return. a. True b. False
• Noah, age 65, and Ella, age 54, are married. They elect to fle Married Filing...
• Noah, age 65, and Ella, age 54, are married. They elect to fle Married Filing Jointly. • Their son Leo is 23 years old and a full-time college student in his third year of study He is pursuing a degree in Business Administration and does not have a felony drug conviction His 2018 Form 1098-T did not have an amount entered in box 2 • Their son Freddie is 26 years old and graduated from college in June 2019...
6744 2019 Basic Scenario 6: Test Questions: 19. Leo and Freddie are dependents on Noah and...
6744 2019 Basic Scenario 6: Test Questions: 19. Leo and Freddie are dependents on Noah and Ella's 2019 tax return. A. True B. False
Scenario 6: Noah and Ella Neumann - Who can Noah and Ella claim as a dependent...
Scenario 6: Noah and Ella Neumann - Who can Noah and Ella claim
as a dependent on their 2019 tax return?
file:///C:/Users/verit/Documents/basic_scenarios.pdf
Note: When entering Social Security numbers (SSN) or Employer Identification Numbers (EINs), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Noah, age 65, and Ella, age 54, are married. They elect to file Married Filing Jointly. • Their son Leo is 23 years old and a full-time college student in...
what amount goes on 12a Tax? 1040 of 2019 1040 for a couple Married Filing Jointly...
what amount goes on 12a Tax?
1040 of 2019
1040 for a couple Married Filing Jointly with no dependents. 1040 PG 1 1040 PG 2 Page 2 of Form 1040. Some information does not carry over from Page 1 Form 1040 (2019) Holloway Holloway 412-34-5670 Page 2 John 12a Tax (see inst. Check it any from Form(s) (1) 8814 Martha 12) 4972 (3) 3,677 ® b Add Schedule 2. line 3, and line 12 and enter the total 3,677 13a...
What amount goes on line 20 and 21a from 2019 1040 tax return? What line should...
What amount goes on line 20 and 21a from 2019 1040 tax
return?
What line should I put the $35?
What amount goes on line 12a?
I
got some answers wrong but I am not sure which ones
John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street Atlanta, GA 30294. Additional information about Mr. and Mrs. Holloway is as folows: Social security numbers John 412-34-5670 Date of...
What is the amount for qualified business deduction I tried $0, $4000.00 and $$3,250 Required information...
What is the amount for qualified business deduction I tried $0,
$4000.00 and $$3,250
Required information [The following information applies to the questions displayed below.] John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2019, John worked as a computer technician at a local university earning a salary of $152,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work...
federal income tax question Mark for follow up Question 3 of 12 Which statement is TRUE...
federal income tax question
Mark for follow up Question 3 of 12 Which statement is TRUE regarding the redesigned 2020 Form W.4, Employee's Withholding Certificate? The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, the 2020 Form W4 does not refer to withholding allowances. The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, a standard deduction amount is multiplied by the number of individuals (taxpayer, spouse,...
23. What is the total net amount of capital gain reported on Form 1040? OA. $308...
23. What is the total net amount of capital gain reported on
Form 1040? OA. $308 OB. $2,411 C. $2,719 OD. $2,900
Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax return, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice....
federal income tax question Mark for follow up Question 3 of 12. Which statement is TRUE...
federal income tax question
Mark for follow up Question 3 of 12. Which statement is TRUE regarding the redesigned 2020 Form W-4, Employee's Withholding Certificate? The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, the 2020 Form W-4 does not refer to withholding allowances. The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, a standard deduction amount is multiplied by the number of individuals (taxpayer, spouse,...
C. $2,175 d. $31,000 B 17. What is the amount of Noah and Ella's standard deduction? $_24 the total payments on Noah and Ella's 18. Which of the following items are included in the total payments on Noah tax return? a. Federal income tax withheld from Forms W-2 and 1099 b. $500 estimated tax payment c. Refundable credits d. All of the above 19. Leo and Freddie are dependents on Noah and Ella's 2019 tax return. a. True b. False
Scenario 6: Noah and Ella Neumann - Who can Noah and Ella claim
as a dependent on their 2019 tax return?
file:///C:/Users/verit/Documents/basic_scenarios.pdf
Note: When entering Social Security numbers (SSN) or Employer Identification Numbers (EINs), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Noah, age 65, and Ella, age 54, are married. They elect to file Married Filing Jointly. • Their son Leo is 23 years old and a full-time college student in...
what amount goes on 12a Tax?
1040 of 2019
1040 for a couple Married Filing Jointly with no dependents. 1040 PG 1 1040 PG 2 Page 2 of Form 1040. Some information does not carry over from Page 1 Form 1040 (2019) Holloway Holloway 412-34-5670 Page 2 John 12a Tax (see inst. Check it any from Form(s) (1) 8814 Martha 12) 4972 (3) 3,677 ® b Add Schedule 2. line 3, and line 12 and enter the total 3,677 13a...
What amount goes on line 20 and 21a from 2019 1040 tax
return?
What line should I put the $35?
What amount goes on line 12a?
I
got some answers wrong but I am not sure which ones
John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street Atlanta, GA 30294. Additional information about Mr. and Mrs. Holloway is as folows: Social security numbers John 412-34-5670 Date of...
What is the amount for qualified business deduction I tried $0,
$4000.00 and $$3,250
Required information [The following information applies to the questions displayed below.] John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2019, John worked as a computer technician at a local university earning a salary of $152,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work...
federal income tax question
Mark for follow up Question 3 of 12 Which statement is TRUE regarding the redesigned 2020 Form W.4, Employee's Withholding Certificate? The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, the 2020 Form W4 does not refer to withholding allowances. The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, a standard deduction amount is multiplied by the number of individuals (taxpayer, spouse,...
23. What is the total net amount of capital gain reported on
Form 1040? OA. $308 OB. $2,411 C. $2,719 OD. $2,900
Advanced Scenario 7: Mark and Barbara Matthews Directions Using the tax software, complete the tax return, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice....
federal income tax question
Mark for follow up Question 3 of 12. Which statement is TRUE regarding the redesigned 2020 Form W-4, Employee's Withholding Certificate? The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, the 2020 Form W-4 does not refer to withholding allowances. The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, a standard deduction amount is multiplied by the number of individuals (taxpayer, spouse,...
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