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15 Barbara is single and has one child, Cheerio. In 2020 her A $25.000. Her takes...
Question 12 Barbara is single and has one child, Cheerio. In 2020 her AGI is $25,000....
Question 12 Barbara is single and has one child, Cheerio. In 2020 her AGI is $25,000. Her tax liability before any credits is $400 and she has an earned income credit of $3,584. She had $750 of federal income taxes withheld from her pay. Barbara will receive a federal income refund of Answer saved Points out of 1.00 Select one: Remove flag a. $750 b. $3,934. c. $3,184. d. $4,334 e. $3,584 Clear my choice Answers
Tiffany is unmarried and has a 15-year-old qualifying child. Tiffany has determined her tax liability to...
Tiffany is unmarried and has a 15-year-old qualifying child. Tiffany has determined her tax liability to be $3,525, and her employer has withheld $1,500 of federal taxes from her paycheck. Tiffany is allowed to claim a $2,000 child tax credit for her qualifying child What amount of taxes will Tiffany owe (or what amount will she receive as a refund) when she files her tax return? Description Amount (1) Income tax liability (2) Other taxes (3) Total tax (4) Credits...
11 Lisa is single, age 40, with 2 children age 8 and 10 whom she supports...
11 Lisa is single, age 40, with 2 children age 8 and 10 whom she supports and who the with her full time She works at Arby's and earns $35,000 salary and has AGI of $35.000. She pays $3000 in the year for a babysitter. Which of the following is true? Select one or more: a. Lisa is entitled to a refund of her taxes for the Additional Child Credit, the Earned Income Credit and FICA taxes that were withheld....
50. Joanne, a single individual, has $2,000 in state taxes withheld from her salary in 2019....
50. Joanne, a single individual, has $2,000 in state taxes withheld from her salary in 2019. Her total itemized deductions are $12,400. She claims the $2,000 as an itemized deduction on her 2019 tax return. In 2020, she receives a state income tax refund of $700. Under the tax benefit rule, she has to report income in 2020 of: a. $2,000. b. $700. c. $200. d. $-0-. e. $-0-, but she must file an amended 2019 tax return and reduce...
Anabella Cunningham is 24 years old and single, lives in an apartment, and has no dependents....
Anabella Cunningham is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $56,000 as a sales representative for Planning Associates; $4,010 of her wages were withheld for federal income taxes. In addition, she had interest income of $175. She takes the standard deduction. Calculate- a. Tax liability b. taxable income c. tax refund or tax owed for 2018
Emily Hill is 24 years old and single, lives in an apartment, and has no dependents....
Emily Hill is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $55,000 as a sales assistant for Business Solutions: $3,910 of her wages was withheld for federal income taxes. In addition, she had interest income of $142. - Estimate her taxable income - Estimate her tax liability - Estimate her tax refund or tax owed
5.Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to...
5.Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to you for help in preparing her taxes. Use the information in the chapter, as well as the assumptions below, to answer the following questions: •She is single; •She has one child; •She made $39,500 is wages last year; •She earned $300 in taxable interest last year; •Last year she received a $100 tax refund from the State of Georgia, where she is resident; •She...
5.Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to...
5.Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to you for help in preparing her taxes. Use the information in the chapter, as well as the assumptions below, to answer the following questions: •She is single; •She has one child; •She made $39,500 is wages last year; •She earned $300 in taxable interest last year; •Last year she received a $100 tax refund from the State of Georgia, where she is resident; •She...
Sheniqua, a single taxpayer, had taxable income of $93,678. Her employer withheld $16,509 in federal income...
Sheniqua, a single taxpayer, had taxable income of $93,678. Her employer withheld $16,509 in federal income tax from her paychecks throughout the year. What is the amount of refund would Sheniqua receive or additional tax she would pay? (Input your answer as a positive number.) Use the appropriate 2019 Tax Tables. Additional Tax due or Amount of Refund - Amount ?
Markt Ashley is single and lives with Barney, her boyfriend, and Candy, his 8-year-old daughter Ashley...
Markt Ashley is single and lives with Barney, her boyfriend, and Candy, his 8-year-old daughter Ashley paid all of the support for her household in 2018 Barney has earned income of $2.500 and had income tax withheld from his wages. He has no other income and is not required to file an income tax return. With one qualifying child. Bamey may claim an earned income credit Barney files an income tax return solely to obtain a refund of withheld income...
Question 12 Barbara is single and has one child, Cheerio. In 2020 her AGI is $25,000. Her tax liability before any credits is $400 and she has an earned income credit of $3,584. She had $750 of federal income taxes withheld from her pay. Barbara will receive a federal income refund of Answer saved Points out of 1.00 Select one: Remove flag a. $750 b. $3,934. c. $3,184. d. $4,334 e. $3,584 Clear my choice Answers
Tiffany is unmarried and has a 15-year-old qualifying child. Tiffany has determined her tax liability to be $3,525, and her employer has withheld $1,500 of federal taxes from her paycheck. Tiffany is allowed to claim a $2,000 child tax credit for her qualifying child What amount of taxes will Tiffany owe (or what amount will she receive as a refund) when she files her tax return? Description Amount (1) Income tax liability (2) Other taxes (3) Total tax (4) Credits...
11 Lisa is single, age 40, with 2 children age 8 and 10 whom she supports and who the with her full time She works at Arby's and earns $35,000 salary and has AGI of $35.000. She pays $3000 in the year for a babysitter. Which of the following is true? Select one or more: a. Lisa is entitled to a refund of her taxes for the Additional Child Credit, the Earned Income Credit and FICA taxes that were withheld....
Markt Ashley is single and lives with Barney, her boyfriend, and Candy, his 8-year-old daughter Ashley paid all of the support for her household in 2018 Barney has earned income of $2.500 and had income tax withheld from his wages. He has no other income and is not required to file an income tax return. With one qualifying child. Bamey may claim an earned income credit Barney files an income tax return solely to obtain a refund of withheld income...
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