ZuoTi.Pro
Question

Montague (age 15) Is clalmed as a dependent by his parents, Matt and Mary. In 2019, Montague receved $5,180 of qualified divi
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer: Gross income of $6160 ( $5180+98) less the greater of 00 $ 1000 Cor) 33 $ 1330 $980 écorned income +$350). = $6160 -

0 0
Add a comment
Know the answer?
Add Answer to:
Montague (age 15) Is clalmed as a dependent by his parents, Matt and Mary. In 2019, Montague receved $5,180 of qual...
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

  • 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!!!

  • 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...

  • 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 =...

  • Leeroy, age 21 is a full-time student at UCI and is a dependent of his parents....

    Leeroy, age 21 is a full-time student at UCI and is a dependent of his parents. He had earned income of $2,000 from a part-time job. In addition he had $950 interest from a savings account. He had total itemized deductions of $200 in the current year. What is his taxable income for the year?

  • 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

  • .           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.

  • John (age 50) and Mary (age 49) have two dependent children. In 2019, they have following...

    John (age 50) and Mary (age 49) have two dependent children. In 2019, they have following information: Wages - John Wages - Mary Interest and nonqualified dividend income Gambling income 200,000 90,000 8,000 2,000 25,000 6,000 9,000 1,000 1,500 10,000 Medical expenses BEFORE limitations Real estate taxes State income taxes Sales taxes per IRS tables Sales taxes - auto Qualified residence interest expense Investment interest expense BEFORE limitations Charitable cash contributions Gambling losses Employee business expenses BEFORE limitations (no meals...

  • 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...

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