Homework Answers
TRUE
tax payer is qualified for the house hold filing status becaus he satisfy the following point
have paid more than half of the cost of keeping up a home for the tax payer (either one's own home or the home of a qualifyng parent)
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63 55 QUESTION 1 66 67 59 20 For purposes of determining head of household filing...
QUESTION 1 For purposes of determining head of household filing status, the taxpayer's mother or father...
QUESTION 1 For purposes of determining head of household filing status, the taxpayer's mother or father is considered to be a qualifying person of the taxpayer (even if the mother or father does not qualify as the taxpayer's dependent) as long as the taxpayer pays more than half the costs of maintaining the household of the mother or father. True False QUESTION 2 Lucy and Ricky have been married for 27 years. They have one child, Ricky Jr., who is...
To qualify for head of household filing status, a taxpayer must meet all of the following...
To qualify for head of household filing status, a taxpayer must meet all of the following except: A. Be unmarried (or considered to be unmarried under the provisions discussed below) at the end of the year. B. Not be a qualifying widow or widower. C. Pay more than half the costs of keeping up a home for the year. D. Have a “qualifying person” live in the taxpayer’s home for more than half the year (except for temporary absences such...
Question 1 (1 point) A widow with a dependent child uses the married filing jointly filing...
Question 1 (1 point) A widow with a dependent child uses the married filing jointly filing status for the two years immediately after the year of the spouse's death. 1) True 2) False Question 2 (1 point) Abe and Tammy divorced in 2009. Abe continues to support Tammy's mother, who lives in a nursing home. Abe cannot claim his mother-in-law as a dependent because she no longer passes the relationship test. ( 1) True 2) False Question 3 (2 point)...
45 Which of the following taxpayers is eligible to claim the head of household filing status?...
45 Which of the following taxpayers is eligible to claim the head of household filing status? Marks: 1 Choose one answer a. The taxpayer's boyfriend lived in the taxpayer's home all of 2018. The boyfriend qualifies as the taxpayer's dependent b. The unmanied taxpayer pays more than half the cost of keeping his father in an assisted living facility. The father qualifes as the taxpayer's dependent c. The taxpayers married child lived in the taxpayer's home for the entire year....
9) Explain the rules for being an "abandoned spouse" and include which filing status should be...
9) Explain the rules for being an "abandoned spouse" and include which filing status should be used if one qualifies as an abandoned spouse. 10) Is it possible for a taxpayer to file "head of household" if he/she has a dependent child that lives in the home and over half of the cost of maintaining the home is paid by the taxpayer....but, the noncustodial parent actually claims the dependency exemption and child tax credit? 11) Sarah (age 32), single, has...
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...
Question 8 of 100 Following are requirements for a married taxpayer to be considered unmarried for the head of house...
Question 8 of 100 Following are requirements for a married taxpayer to be considered unmarried for the head of household fling status with a standard deduction of $18,350 EXCEPT when the taxpayer Did not live with their spouse during the last six months of the tax year. Files a separate return from their spouse. Pays more than half the cost of maintaining the household for the tax year. Provides the main home of a dependent for the entire year.
QUESTION 7 'A qualifying abandoned spouse may file head of household. True False QUESTION 8 For...
QUESTION 7 'A qualifying abandoned spouse may file head of household. True False QUESTION 8 For tax purposes, the cash method of accounting is subject to which of the following doctrines? Constructive receipt doctrine All events test doctrine Return of capital doctrine Assignment of income doctrine QUESTION 9 Which of the following is not true regarding deductions from adjusted gross income (AGI)? A dependent's standard deduction amount may be limited. The standard deduction is based generally on the taxpayer's filing...
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...
1) A dependent child, age 18 and single has wages of $3,900 and dividend income of...
1) A dependent child, age 18 and single has wages of $3,900 and dividend income of $3,300 in tax ... Assume that she is subject to the kiddie tax, and her father, her sole surviving parent, has taxable income of $49,000 and files his 2014 return using the head of household filing status. What is the child's tax liability? 2) A taxpayer who provides 40% of the support of her parents and claims them as dependents because of a multiple...
QUESTION 1 For purposes of determining head of household filing status, the taxpayer's mother or father is considered to be a qualifying person of the taxpayer (even if the mother or father does not qualify as the taxpayer's dependent) as long as the taxpayer pays more than half the costs of maintaining the household of the mother or father. True False QUESTION 2 Lucy and Ricky have been married for 27 years. They have one child, Ricky Jr., who is...
Question 1 (1 point) A widow with a dependent child uses the married filing jointly filing status for the two years immediately after the year of the spouse's death. 1) True 2) False Question 2 (1 point) Abe and Tammy divorced in 2009. Abe continues to support Tammy's mother, who lives in a nursing home. Abe cannot claim his mother-in-law as a dependent because she no longer passes the relationship test. ( 1) True 2) False Question 3 (2 point)...
45 Which of the following taxpayers is eligible to claim the head of household filing status? Marks: 1 Choose one answer a. The taxpayer's boyfriend lived in the taxpayer's home all of 2018. The boyfriend qualifies as the taxpayer's dependent b. The unmanied taxpayer pays more than half the cost of keeping his father in an assisted living facility. The father qualifes as the taxpayer's dependent c. The taxpayers married child lived in the taxpayer's home for the entire year....
9) Explain the rules for being an "abandoned spouse" and include which filing status should be used if one qualifies as an abandoned spouse. 10) Is it possible for a taxpayer to file "head of household" if he/she has a dependent child that lives in the home and over half of the cost of maintaining the home is paid by the taxpayer....but, the noncustodial parent actually claims the dependency exemption and child tax credit? 11) Sarah (age 32), single, has...
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...
Question 8 of 100 Following are requirements for a married taxpayer to be considered unmarried for the head of household fling status with a standard deduction of $18,350 EXCEPT when the taxpayer Did not live with their spouse during the last six months of the tax year. Files a separate return from their spouse. Pays more than half the cost of maintaining the household for the tax year. Provides the main home of a dependent for the entire year.
QUESTION 7 'A qualifying abandoned spouse may file head of household. True False QUESTION 8 For tax purposes, the cash method of accounting is subject to which of the following doctrines? Constructive receipt doctrine All events test doctrine Return of capital doctrine Assignment of income doctrine QUESTION 9 Which of the following is not true regarding deductions from adjusted gross income (AGI)? A dependent's standard deduction amount may be limited. The standard deduction is based generally on the taxpayer's filing...
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