Steve (31) is not married. He shared his home all year with his girlfriend, Didi (25), and Didi’s son, Cotter (3). Cott...
Gary(53) is unmarried. He maintains a home for himself and his daughter. Crystal(19),who lived with Gary all year. Gary’s wife died on June 26,2015.For 2015 he filed joint return. Gary provides more than 50% of crystal’s support. Crystal is not a student. Gary’s income consisted of $21000 wages and $3000 in dividends ;Crystals gross income was $5350 What is the filing status of Gary: 1. Single 2. Married Filing Jointly 3. Married Filing Separately 4. Head of Household 5. Qualifying...
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...
Determine the appropriate number of Qualified Dependents for the following taxpayer: T) is unmarried and supports his son and his son's wife, both of whom lived with him for the entire year. His son and daughter-in-law (both age 20) file a joint return to get a full refund, as their gross income was $3,500. Both son and daughter-in-law are full-time students at a local college. QUESTION 2 Identify the best Filing Status for the following taxpayer: Ted is divorced and...
Question #1 Milo is required to file a federal tax return? a) True or b) Fales Read scenario: Aurora and Oscar separated in 2017 and divorced in October 2019. She earned $40,000 in wages and paid more than half the cost of keeping up her home in 2019. Aurora and Oscar have a son, Milo, who is 17 years old and unmarried. Aurora signed Form 8332 (Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent) allowing Oscar...
Aurora and Oscar separated in 2017 and divorced in October 2019. She earned $40,000 in wages and paid more than half the cost of keeping up her home in 2019. Aurora and Oscar have a son, Milo, who is 17 years old and unmarried. Aurora signed Form 8332 (Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent) allowing Oscar to claim Milo in 2019. Milo is a full-time student working towards a degree in computer information systems....
John and Sarah are married and earned salaries this year of
$64,000 and $12,000, respectively. In addition to their salaries,
they received interest of $350 from municipal bonds and $500 from
corporate bonds. John contributed $2,500 to an individual
retirement account, and John paid alimony to a prior spouse in the
amount of $1,500 (under a divorce decree effective June 1, 2005).
John and Sarah have a 10-year-old son, Michael, who lived with them
throughout the entire year. Thus, John...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...
what amount goes on 12a Tax?
1040 of 2019
1040 for a couple Married Filing Jointly with no dependents. 1040 PG 1 1040 PG 2 Page 2 of Form 1040. Some information does not carry over from Page 1 Form 1040 (2019) Holloway Holloway 412-34-5670 Page 2 John 12a Tax (see inst. Check it any from Form(s) (1) 8814 Martha 12) 4972 (3) 3,677 ® b Add Schedule 2. line 3, and line 12 and enter the total 3,677 13a...
Basic Scenario 1: Jeff and Linda Arnold Interview Notes .Jeff and Linda got married in December of 2018. They are both U.S. citizens with valid Social Security numbers. They do not elect to file a joint return for 2018. Jeff worked all year and received wages of $32,000. He received full health insur- ance coverage from his employer all year. Linda worked part-time at a book store January through September. She earned $9,000 for the year. In November, she started...
• Fran’s husband died in March 2017. Fran filed a joint return with her husband for 2017. She has not remarried. • Fran provided the entire cost of maintaining the household and all the support for her children, Meredith and Oliver, in 2018. • Fran’s older brother, Howard, lives with her and is permanently and totally disabled. He received disability income which he used to provide more than half of his own support. • Oliver attended day care while Fran...