Review the information provided for each choice, then determine which taxpayer is required to file Form...
Review the information provided for each choice, then determine which taxpayer is required to file Form 1040, A. Courtney, who has a dependent child. She received $7,200 in child support, B. Caden, a recent college graduate claiming the student loan interest deduction, C. Noah, who did not have qualifying health coverage and is subject to the shared responsibility payment, D. Laura, who received $2,500 of alimony from her ex-spouse.
Homework Answers
D) Laura who received $2,500 of alimony from her ex-spouse.
Rest 3 cases are not in the purview of form 1040.
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Review the information provided for each choice, then determine
which taxpayer is required to file Form...
Keauze rourrotential: M&M ช.OCK Mark for follow up Question 5 of 75. the information provided for...
Keauze rourrotential: M&M ช.OCK Mark for follow up Question 5 of 75. the information provided for each choice, then determine which taxpayer is required to file Form 1040. Courtney, who has a dependent child. She received $7.200 in child support. Caden, a recent cellege graduate claiming the student toan interest deduction Noah, who did not have qualifying health coverage and is subject to the shared responsibility payment. Laura, who received $2,500 of alimony from her ex-spouse. Review Mark for follow...
- Puul Help Save & E Chech Required information The following information applies to the questions...
- Puul Help Save & E Chech Required information The following information applies to the questions displayed below] Marc and Michelle 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. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500. Marc and Michelle have a 10-year-old son, Matthew...
Bon course Question 71 of 75. Why would a taxpayer need to file Form 1040X, Amended...
Bon course Question 71 of 75. Why would a taxpayer need to file Form 1040X, Amended U.S. Individual Income Tax Return? o To correct errors and omissions on the original return that result in a change to the original tax liability, refund, or balance due To report original information before the end of the tax year when a return has not been filed previously To report information from a corrected income document before the original return has been filed. To...
25. Which of the following individuals are required to file a tax return for 2019? Should...
25. Which of the following individuals are required to file a tax return for 2019? Should any of these individuals file a return even if filing is not required? Why or why not? a. Patricia, age 19, is a self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amounted to $4900. b. Mike is single and is 67 years old. His gross income from wages was $10,800. c. Ronald is a dependent child under age...
1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is...
1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct? a. In arriving at AGI, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. b. In arriving at taxable income, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. c. If a taxpayer claims deductions for AGI, the standard deduction is not available. d. In arriving at taxable income, a taxpayer may claim...
1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct?...
1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct? a. In arriving at AGI, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. b. In arriving at taxable income, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. c. If a taxpayer claims deductions for AGI, the standard deduction is not available. d. In arriving at taxable income, a taxpayer may claim itemized...
1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct?...
1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct? a. In arriving at AGI, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. b. In arriving at taxable income, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. c. If a taxpayer claims deductions for AGI, the standard deduction is not available. d. In arriving at taxable income, a taxpayer may claim itemized...
Required information (The following information applies to the questions displayed below.) Marc and Michelle are married...
Required information (The following information applies to the questions displayed below.) Marc and Michelle 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. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective June 1, 2005). Marc and Michelle have a 10-year-old son,...
can someone check this for me False 1. Pete and Shirley are filing a joint return....
can someone check this for me
False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of their exemptions for tax year 2019 is $16,800. 2. Bill and Martha are filing a joint return. They are both over 65 years old. Neither of them are blind. What is their standard deduction? 27000 A. 50 (Do not enter dollar signs, commas, periods, or decimal points in your answer.) 3. Sarah's divorce was finalized...
Could you check the answer for me ? Federal Tax Law Update Test for Circular 230...
Could you check the answer for me ?
Federal Tax Law Update Test for Circular 230 Professionals False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of their exemptions for tax year 2019 is $16,800. 2. Bill and Martha are filing a joint return. They are both over 65 years old. Neither of them are blind. What is their standard deduction? $ 2600 (Do not enter dollar signs, commas, periods, or...
Keauze rourrotential: M&M ช.OCK Mark for follow up Question 5 of 75. the information provided for each choice, then determine which taxpayer is required to file Form 1040. Courtney, who has a dependent child. She received $7.200 in child support. Caden, a recent cellege graduate claiming the student toan interest deduction Noah, who did not have qualifying health coverage and is subject to the shared responsibility payment. Laura, who received $2,500 of alimony from her ex-spouse. Review Mark for follow...
- Puul Help Save & E Chech Required information The following information applies to the questions displayed below] Marc and Michelle 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. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500. Marc and Michelle have a 10-year-old son, Matthew...
Bon course Question 71 of 75. Why would a taxpayer need to file Form 1040X, Amended U.S. Individual Income Tax Return? o To correct errors and omissions on the original return that result in a change to the original tax liability, refund, or balance due To report original information before the end of the tax year when a return has not been filed previously To report information from a corrected income document before the original return has been filed. To...
Required information (The following information applies to the questions displayed below.) Marc and Michelle 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. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective June 1, 2005). Marc and Michelle have a 10-year-old son,...
can someone check this for me
False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of their exemptions for tax year 2019 is $16,800. 2. Bill and Martha are filing a joint return. They are both over 65 years old. Neither of them are blind. What is their standard deduction? 27000 A. 50 (Do not enter dollar signs, commas, periods, or decimal points in your answer.) 3. Sarah's divorce was finalized...
Could you check the answer for me ?
Federal Tax Law Update Test for Circular 230 Professionals False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of their exemptions for tax year 2019 is $16,800. 2. Bill and Martha are filing a joint return. They are both over 65 years old. Neither of them are blind. What is their standard deduction? $ 2600 (Do not enter dollar signs, commas, periods, or...
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