Question

The taxpayer required to file a 2018 federal income tax return is an unmarried dependent age...

The taxpayer required to file a 2018 federal income tax return is an unmarried dependent age ____

Homework Answers

Answer #1

1.Unmarried dependent (18) of another taxpayer, gross income $4,500, all from wages
$4,500 + $350 = $4,850 which is less than $6,100
No

2.Unmarried dependent (2) of another taxpayer, gross income $1,100 all from interest
Yes. Income from interest is over $1,000

3.Unmarried dependent (16) of another taxpayer, gross income $1,000 ($800 wages plus $200 interest)
No. Gross income $1,000 is not greater than the larger of $1,000 and EI+$350 ($1,100)

4.Unmarried dependent (16) of another taxpayer, gross income $1,075 ($700 wages plus $375 interest).
Yes
Unearned income ($375) is less than $1,000
Earned income ($700) is less than $6,100
BUT, Gross income ($1,075) is greater than the larger of $1000 and Earned Income + $350 ($1,050)

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