Homework Answers
Answer :- Single
Jasmine's most favorable filing status will be as single, because she was single on the last day of the year, since divorce happened in may and her son is not dependent on her because his age is more than 19 and he is full time employed.
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Jasmine and her husband. Arty, have been married for 25 years. In May of this year,...
Which of the following is not a taxpaying entity? A. Partnership filing Form1065. B. C Corporation...
Which of the following is not a taxpaying entity? A. Partnership filing Form1065. B. C Corporation filing Form 1120C. C. All of the above pay are taypayers. D. Individual filing Form 1040. Jasmine and her husband, Arty, have been married for 25 years. In May of this year, the couple divorced. During the year, Jasmine provided all the support for herself and her 22-year-old child, Dexter, who lived in the same home as Jasmine for the entire year. Dexter is...
d. Married filing separately e. None of these 8. Harpreet, whose husband died in e husband died in December 2018, m...
d. Married filing separately e. None of these 8. Harpreet, whose husband died in e husband died in December 2018, maintains a household in which her dependent mother lives. Which of the following is her filing status for the tax year 20192 (Note: Harpreet is the executor of her husband's estate.) a. Single b. Married, filing separately c. Surviving spouse d. Head of household e. Married, filing jointly 9 Pem single turnover has taxable income of $178.000 and is in...
3. Jennifer is married and self- employed, with three children. Jennifer's husband Daniel, unemployed with no...
3. Jennifer is married and self- employed, with three children. Jennifer's husband Daniel, unemployed with no income for 2018, lived at home as of May 1, 2018. On May 1, 2018, Daniel left his home and did not return for the rest of 2018, has no plans of returning and chooses to file his taxes separately, without claiming the children as his dependents. Jennifer wants to file her 2018 taxes and wants to know what status to file under. Jennifer...
Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a...
Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $45,860, no salary reductions for employer-provided benefits, and no itemized deductions. Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2017 tax year is $ Standard Deduction Amounts Filing Status 2017 Single $6,350 Married Filing Jointly or Surviving Spouse $12,700 Head of Household $9,350 Married Filing Separately $6,350 Personal Exemptions...
Brenda is married to Roger, who abandoned her in early June of 2018. She has not...
Brenda is married to Roger, who abandoned her in early June of 2018. She has not seen or communicated with him since then. She maintains a household in which she and her two dependent children live. Which of the following statements about Brenda’s filing status in 2018 is correct? Brenda can use the rates for single taxpayers. Brenda can file a joint return with Chad. Brenda can file as a surviving spouse. Brenda can file as a head of household....
Problem P4-6 (similar to) Question Help Calculate the total 2017 tax liability for a surviving spouse...
Problem P4-6 (similar to) Question Help Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $46,320, no salary reductions for employer-provided benefits, and no itemized deductions. Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2017 tax year is $ 20050 (Round to the nearest dollar.) a Data Table Standard Deduction Amounts Filing Status Single Married Filing Jointly or...
Ellen is married and lived all year with her husband and two children. She will file...
Ellen is married and lived all year with her husband and two children. She will file married filing separately and claim her two children as dependents. Her son Roger, born May 1, 2006, and her daughter Rhonda, born December 25, 2009, are both U.S citizens and did not provide any of their own support. Ellen's wages were $31,000 and she has no other income. Her tax is $1,090. Ellen's child tax credit is:
Gail is a wealthy widow whose husband died last year. Her dependent daughter lives with her...
Gail is a wealthy widow whose husband died last year. Her dependent daughter lives with her for the entire year. Gail has interest income totaling $ 245,000 and she pays property taxes and home mortgage interest totaling $ 30,000. Requirement a. What filing status applies to GailGail? GailGail meets the requirements of a surviving spouse. Thus, she will use the married filing joint/surviving spouse rate schedule. Requirement b. Compute her taxable income and gross tax. Begin by computing GailGail's taxable...
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...
6. Which one of the following is considered being married for tax purposes? A. Persons living...
6. Which one of the following is considered being married for tax purposes? A. Persons living apart and legally separated or divorced. B. Persons whose marriage is annulled. C. A person whose spouse died during the year. 7. Which one of the following statements describes the consequences of using the filing status ‘married filing jointly’? A. A spouse may not be held responsible for tax if that spouse had no income. B. The tax rates are generally more favorable than...
d. Married filing separately e. None of these 8. Harpreet, whose husband died in e husband died in December 2018, maintains a household in which her dependent mother lives. Which of the following is her filing status for the tax year 20192 (Note: Harpreet is the executor of her husband's estate.) a. Single b. Married, filing separately c. Surviving spouse d. Head of household e. Married, filing jointly 9 Pem single turnover has taxable income of $178.000 and is in...
3. Jennifer is married and self- employed, with three children. Jennifer's husband Daniel, unemployed with no income for 2018, lived at home as of May 1, 2018. On May 1, 2018, Daniel left his home and did not return for the rest of 2018, has no plans of returning and chooses to file his taxes separately, without claiming the children as his dependents. Jennifer wants to file her 2018 taxes and wants to know what status to file under. Jennifer...
Problem P4-6 (similar to) Question Help Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $46,320, no salary reductions for employer-provided benefits, and no itemized deductions. Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2017 tax year is $ 20050 (Round to the nearest dollar.) a Data Table Standard Deduction Amounts Filing Status Single Married Filing Jointly or...
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...
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