ZuoTi.Pro
Question

Which of the following individuals will not have to file a tax return for 2020? a....

Which of the following individuals will not have to file a tax return for 2020? a. Tom age 17 and single, is a dependent of his parents and has $6,000 of wages and $2,400 of interest. b. banny age 67 and single, has a taxable pension of $9,200 and social security benefits of $6,300. c. brian age 29 and single, has self-employment income of $600. d. watson , age 15 and single, a dependent of his parents, has wages of $1,800 and interest of $900. e. All of the individuals above will have to a file a tax retur
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Option ( C ).

Brian aged 29 and single is not required to file tax returns for the year 2020 as his employment income is $600 which is below the minimum limit required of $12,200 to file tax returns.

0 0
Add a comment
Know the answer?
Add Answer to:
Which of the following individuals will not have to file a tax return for 2020? a....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Which of the following taxpayers must file a 2019 return? a. Amy, age 19 and single,...

    Which of the following taxpayers must file a 2019 return? a. Amy, age 19 and single, has $8,050 of wages, $800 of interest, and $350 of self-employment income. b. Betty, age 67 and single, has a taxable pension of $9,100 and Social Security benefits of $6,200 (the Social Security benefits are wholly-tax exempt in this situation). c. Chris, age 15 and single, his a dependent of his parents. Chris has earned income of $1,900 and interest of $400. d. Dawn,...

  • 25. Which of the following individuals are required to file a tax return for 2019? Should...

    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...

  • #2-42 Filing Requirement. Which of the following taxpayers must file a 2018 return? Explain why or...

    #2-42 Filing Requirement. Which of the following taxpayers must file a 2018 return? Explain why or why not? a. Amy, age 19 and single, has $8,050 of wages, $800 of interest, and $350 of self- employment income. b. Betty, age 67 and single, has a taxable pension of $9,100 and Social Security benefits of $6,200. c. Chris, age 15 and single, is a dependent of his parents. Chris has earned income of $1,900 and interest of $400. d. Dawn, age...

  • Problem 3-41 (LO. 5) 1. Indicate whether the following individuals are "Required" (based on income) or...

    Problem 3-41 (LO. 5) 1. Indicate whether the following individuals are "Required" (based on income) or "Not required" to file a tax return for 2020. Click here to access the standard deduction tables to use. Required / Not Required a. b. c. Patricia, age 19, is a self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amounted to $4,900. Mike is single and is 67 years old. His gross income from wages was $12,750. Ronald...

  • Hi. I need an help understanding each of the given situations. I would greatly appreciate it....

    Hi. I need an help understanding each of the given situations. I would greatly appreciate it. 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 $4,900. b. Mike is single and is 67 years old....

  • Computation of taxable income. The following information relates to Tom, a single taxpayer, age 18. Wages...

    Computation of taxable income. The following information relates to Tom, a single taxpayer, age 18. Wages = $7,000 Taxable interest income = 425 Itemized deductions = 310 a. Compute Tom's taxable income assuming he is self-supporting. b. Compute Tom's taxable income assuming he is a dependent of his parents. Tax Year 2019. Please show accurate calculations.

  • Given the following information, complete the attached forms for the 2020 1040 tax return. Tim and...

    Given the following information, complete the attached forms for the 2020 1040 tax return. Tim and Mandy Sanders, MFJ taxpayers, both 50 years old, 2 qualified dependent children over the age of 17—Sarah and Brian. Total wages earned for the married couple: $65,000. Federal Income Tax Withheld by employer: $8,500. No reportable wages for the children. Taxable Interest: $1,200 Tax-Exempt Interest: $1,350 Social Security Benefits received by Mandy: $21,000. No Federal Income Tax Withheld Total Itemized deductions: $11,400 All were...

  • Computation of taxable income. The following information relates to Tom, a single taxpayer, age 18. a....

    Computation of taxable income. The following information relates to Tom, a single taxpayer, age 18. a. Compute Tom's taxable income assuming he is self-supporting. b. Compute Tom's taxable income assuming he is a dependent of his parents. Tax Year 2019.

  • Marvin, age 67, and Joanne age 66 are married. They have one dependent grandchild, Jimmy, age...

    Marvin, age 67, and Joanne age 66 are married. They have one dependent grandchild, Jimmy, age 10, who lived with them all year. Their itemized deductions total $13,400. They incurred a capital loss of $6,500 from the sale of 1BM Co. stock. They want to file a joint 2017 Federal Income Tax return Their income is as follows Marvin - 1) 2) $11,500 in pension income with $3,000 income tax withholdings $14,000 in social security benefits Joanne- 1) 2) 3)...

  • Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0"....

    Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. a. Ellie is 15 and claimed as a dependent by her parents. She has $1,550 in dividends income and $2,920 in wages from a part-time job. b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $11,910. c. Shonda...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT