Montague (age 15) is claimed as a dependent by his parents, Matt and Mary. In 2019,...
Montague (age 15) is claimed as a dependent by his parents, Matt and Mary. In 2019, Montague received $5,000 of qualified dividends, and he received $800 from a part-time job. What is his taxable income for 2019?
Select one:
a. $4,750
b. $0
c. $3,900
d. $4,650
* Note: Please provide the calculations for your answer. Thanks!!!
Homework Answers
Add Answer to:
Montague (age 15) is claimed as a dependent by his parents, Matt
and Mary. In 2019,...
Montague (age 15) Is clalmed as a dependent by his parents, Matt and Mary. In 2019, Montague receved $5,180 of qual...
Montague (age 15) Is clalmed as a dependent by his parents, Matt and Mary. In 2019, Montague receved $5,180 of qualified dividends, and he received $980 from a part-time job. What is his taxable Income for 2019? Multiple Choice $0 $5,110 $4.620 $4.830
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?
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...
4. Tony, age 15, is claimed as a dependent by his grandmother. During 2019, he had...
4. Tony, age 15, is claimed as a dependent by his grandmother. During 2019, he had interest income from Boeing Corporation bonds of $1,000 and earnings from a part-time job of $800. Tony's taxable income is: a. $1,800 b. $1,800 - $800 - $1,100 = ($100). c. $1,800 - $1,150 = $650. d. $1,800 - $1,100 = $700. e. None of these
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? Use Tax Rate Schedule,
Dividends and Capital Gains Tax Rates, Estates and Trusts for
reference.
a. Carson is 17 years old at year-end and
earned $14,000 from his summer job and part-time job after school.
This was his only source of income.
Tax Liability =...
. Sylvia, age 17, is claimed by her parents as a dependent for 2019. During 2019,...
. Sylvia, age 17, is claimed by her parents as a dependent for 2019. During 2019, she had wages from a part-time job of $2,000, capital gains income of $4,200, and no other income or deductions (except the standard deduction). Sylvia’s taxable income is: a. $6,200 – $2,350 = $3,850 b. $6,200 – $4,400 = $1,800. c. $6,200 – $4,550 = $1,650. d. $6,200 – $350 = $5,850. e. $6,200 – $1,050 = $5,150.
37. LO.3, 7 Taylor, age 18, is claimed as a dependent by her parents. For 2019,...
37. LO.3, 7 Taylor, age 18, is claimed as a dependent by her parents. For 2019, she has the following income: $4,000 wages from a summer job, $1,800 interest from a money market account, and $2,000 interest from City of Boston bonds. a. What is Taylor's taxable income for 2019? b. What is Taylor's tax 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? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. a. Carson is 17 years old at year-end and earned $14,150 from his summer job and part-time job after school. This was his only source of income. (Round your final...
1.Steven is a student and age 25. He is claimed as a dependent by his parents...
1.Steven is a student and age 25. He is claimed as a dependent by his parents on their tax return in 2019. Steven has interest income of $1,800 and no other income. What is Steven's taxable income? Group of answer choices 1,800 0 1,100 700 2. Rosemary received $1,000 graduation gift from her grandmother. This must be included in her gross taxable income. Group of answer choices True False 3.Sherry won a $500 cash prize from a drawing at the...
Montague (age 15) Is clalmed as a dependent by his parents, Matt and Mary. In 2019, Montague receved $5,180 of qualified dividends, and he received $980 from a part-time job. What is his taxable Income for 2019? Multiple Choice $0 $5,110 $4.620 $4.830
4. Tony, age 15, is claimed as a dependent by his grandmother. During 2019, he had interest income from Boeing Corporation bonds of $1,000 and earnings from a part-time job of $800. Tony's taxable income is: a. $1,800 b. $1,800 - $800 - $1,100 = ($100). c. $1,800 - $1,150 = $650. d. $1,800 - $1,100 = $700. e. None of these
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? Use Tax Rate Schedule,
Dividends and Capital Gains Tax Rates, Estates and Trusts for
reference.
a. Carson is 17 years old at year-end and
earned $14,000 from his summer job and part-time job after school.
This was his only source of income.
Tax Liability =...
37. LO.3, 7 Taylor, age 18, is claimed as a dependent by her parents. For 2019, she has the following income: $4,000 wages from a summer job, $1,800 interest from a money market account, and $2,000 interest from City of Boston bonds. a. What is Taylor's taxable income for 2019? b. What is Taylor's tax for 2019?
Most questions answered within 3 hours.
-
What advantages are there to using piperidine rather than
hydroxide as a base?
asked 55 seconds ago -
Your friend tells you that there is a vending machine on campus
that dispenses M&M packs...
asked 2 minutes ago -
7. The life of a Freeze Breeze electric fan is normally
distributed with a mean 4...
asked 4 minutes ago -
1. A 751 mL NaCl solution is diluted to a volume of 1.06 L and a...
asked 8 minutes ago -
8
A $20,000 face value STRIPS is currently quoted at 38.642 and
has 8 years to...
asked 9 minutes ago -
The current exchange rate between the Japanese yen and
the US dollar is 120 yen per...
asked 11 minutes ago -
Marla’s Massages and More bought a special massage table two
years ago for $9,300. At the...
asked 18 minutes ago -
Suppose you require a peak output voltage of 15.0 V and have
available an AC source...
asked 18 minutes ago -
We
conduct A study to estimate the mean age of the population of women
at the...
asked 30 minutes ago -
.13 : Assume that we make an enhancement to a computer that
improves some mode of...
asked 31 minutes ago -
4)
Find the tension in an elevator cable if the 1000 kg elevator is
descending with...
asked 37 minutes ago -
A random sample of 51 newborn babies was taken at the Hospital.
The sample mean was...
asked 35 minutes ago