Art, age 21, a full-time student at Western College, is claimed as a dependent by his...
Art, age 21, a full-time student at Western College, is claimed as a dependent by his parents. During 2018, he earned $1,600 from a summer job and $1,100 in interest from a savings account. Art's taxable income for 2018 is:
| a. |
$750. |
|
| b. |
$1,100. |
|
| c. |
$1,600. |
|
| d. |
$2,700. |
|
| e. |
None of the above. |
Homework Answers
The answer is Option D $2,700, because if any dependent who have income of more then $1050 in the year 2018 should file a separate income. Therefore the Taxable Income for 2018 is $ 2,700.
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Art, age 21, a full-time student at Western College, is claimed
as a dependent by his...
QUESTION 26 Art, apo 21, a full some student at Westem College, chamed as a dependent...
QUESTION 26 Art, apo 21, a full some student at Westem College, chamed as a dependent by his parents. During 2019, he earned $1,600 from a summer job and $1,100 in interest from a savings account Art's taxable income for 2019 is: # $700 $1,100 o $100 d $2,700 None of the above QUESTION 27 Which of the blowing is an iomized deduction? Othey decentes inunda The deduction for capital losses Alimony paid to the taxpayer's ex-spouse Individual arment Account...
Leeroy, age 21 is a full-time student at UCI and is a dependent of his parents....
Leeroy, age 21 is a full-time student at UCI and is a dependent of his parents. He had earned income of $2,000 from a part-time job. In addition he had $950 interest from a savings account. He had total itemized deductions of $200 in the current year. What is his taxable income for the year?
In 2020, George is 21 years old. He is a full-time student at the University and...
In 2020, George is 21 years old. He is a full-time student at the University and is claimed as a dependent by his parents. He had earned an income of $600 from a part-time job. In addition, he had a $10,000 interest from a savings account. What is George’s taxable income for 2020? $0 $9,500 $9,650 $2,950 The answer I picked was $9,650, but was marked incorrect.
Michaella, age 23, is a full-time law student and is claimed by her parents as a...
Michaella, age 23, is a full-time law student and is claimed by her parents as a dependent. During 2019, she received $1,400 interest income from a bank savings account and $12,000 from a part-time job. What is Michaella’s taxable income for 2019?
Michaella, age 23, is a full-time law student and is claimed by her parents as a...
Michaella, age 23, is a full-time law student and is claimed by her parents as a dependent. During 2019, she received $1,400 interest income from a bank savings account and $12,000 from a part-time job. What is Michaella’s taxable income for 2019?
In 2019, Carson is claimed as a dependent on his parents' tax return. Carson's parents provided...
In 2019, Carson is claimed as a dependent on his parents' tax return. Carson's parents provided most of his support. What is Carson's tax liability for the year in each of the following alternative circumstances? a. Carson is 17 years old at year-end and earned $15,575 from his summer job and part-time job after school. This was his only source of income. b. Carson is 23 years old at year-end. He is a full-time student and earned $15,575 from his...
Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2019,...
Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2019, Hester received $10,110 of qualified dividends, and he received $12,110 from a part-time job. What is his taxable income for 2019?
Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2019,...
Hester (age 17) is claimed as a dependent by his parents, Charlton and Abigail. In 2019, Hester received $10,000 of qualified dividends, and he received $12,000 from a part-time job. What is his taxable income for 2019?
Donald is a 21-year-old full-time college student. During 2019, he earned $2,550 from a part-time job...
Donald is a 21-year-old full-time college student. During 2019, he earned $2,550 from a part-time job and $1,150 in interest income. If Donald is a dependent of his parents, what is his standard deduction amount? If Donald supports himself and is not a dependent of someone else, what is his standard deduction amount? Amount of Standard Deduction If Donald is a dependent $2,900 If Donald is not a dependent
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QUESTION 26 Art, apo 21, a full some student at Westem College, chamed as a dependent by his parents. During 2019, he earned $1,600 from a summer job and $1,100 in interest from a savings account Art's taxable income for 2019 is: # $700 $1,100 o $100 d $2,700 None of the above QUESTION 27 Which of the blowing is an iomized deduction? Othey decentes inunda The deduction for capital losses Alimony paid to the taxpayer's ex-spouse Individual arment Account...
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