Question

All of the following are income tax filing statuses, EXCEPT: a) Head of Household b) Single...

All of the following are income tax filing statuses, EXCEPT:

a) Head of Household
b) Single
c) Domestic Partners
d) Married

Homework Answers

Answer #1

Income tax filing statuses-

Filing status Determines the rate at which income is taxed. The five filing statuses are:

single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.

Filing status as domestic partners are not married under state law. Therefore, these taxpayers are not married for federal tax purposes and domestic partners may not file a federal return using a married filing separately or jointly.

So correct option is (C)- Domeestic partners.

Thanks & all the best..........

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following filing statuses is different for tax year 2017? Single. Married filing separately....
Which of the following filing statuses is different for tax year 2017? Single. Married filing separately. Head of household. Qualifying widow(er).
During the tax reform discussions, President Trump proposed eliminating the head of household filing status (see...
During the tax reform discussions, President Trump proposed eliminating the head of household filing status (see Donald Trump’s Tax Plan Would Hit Single Parents Hard). Address the following points in your discussion post: What are the fundamental purposes of filing statuses in the tax system? Which of Adam Smith’s principles of taxation do filing statuses provide to the tax system? Why? Who in our society would benefit or suffer if the head of household filing status is eliminated (address both...
Complete the following problem. Find the income tax owed for: Unmarried head of household with two...
Complete the following problem. Find the income tax owed for: Unmarried head of household with two dependent children Gross income: $50,000 Adjustments: none Deductions:        $4500 state taxes $2000 theft loss                   Tax credit: $2000 2012 Marginal Tax Rates, Standard Deductions, and Exemptions Tax Rate Single Married Filing Separately Married Filing Jointly Head of Household 10% up to $8,700 up to $8,700 up to $17,400 up to $12,400 15% $8,701 to $35,350 $8,701 to $35,350 $17,401 to $70,700 $12,401 to $47,350 25% $35,351...
#49 – Eric is single and has no dependents for 2019. He earned $60,000 and had...
#49 – Eric is single and has no dependents for 2019. He earned $60,000 and had deductions from gross income of $1,800 and itemized deductions of $12,400. Compute Eric’s income tax for the year using the Tax Rate Schedules.                #50 – Allen has taxable income of $75,475 for 2019. Using the Tax Rate Schedules in the Appendix, compute Allen’s income tax liability before tax credits and prepayments for each of the following filing statuses. Married filing jointly               Married...
Joan, a single taxpayer filing as head of household, operates a local candy store as a...
Joan, a single taxpayer filing as head of household, operates a local candy store as a sole proprietorship. The business has two (2) employees, one who earned $40,000 and another who earned $60,000 in 2020. The business had no significant assets during the year. Joan’s “modified taxable income” for 2020 was $155,000 and she reported $195,000 of net business income on Schedule C of her IRS Form 1040. a. Calculate Joan’s qualified business income tax deduction for 2020? (3 points)...
The Joint Custody Head of Household Credit may not be claimed by which of the following...
The Joint Custody Head of Household Credit may not be claimed by which of the following taxpayers. Select one: a. A taxpayer using the married/RDP filing jointly status b. A taxpayer using the head of household filing status c. A taxpayer using the qualifying widow(er) filing status d. A and C cannot claim the credit e. All of the above cannot claim the credit
Understanding the Filing Status We already discussed, the 5 filing status available. please elaborate from each...
Understanding the Filing Status We already discussed, the 5 filing status available. please elaborate from each one of the filing statuses: What is the difference between Single and Head of Household filing status? How would you explain the Tax deduction (observation, does not include adjustment) to a tax client when is Single and Have 50500 gross income in a W2, and 4,500 as tax withholdings?
Determine the tax liability for tax year 2019 in each of the following instances. In each...
Determine the tax liability for tax year 2019 in each of the following instances. In each case, assume the taxpayer can take only the standard deduction. Use the appropriate Tax Tables and Tax Rate Schedules. a. A single taxpayer, not head of household, with AGI of $23,493 and one dependent. b. A single taxpayer, not head of household, with AGI of $169,783 and no dependents. (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar...
1. All of the following are characteristics associated with a sole proprietorship, EXCEPT: a. income and...
1. All of the following are characteristics associated with a sole proprietorship, EXCEPT: a. income and expense items are reported on Schedule C b. the owner cannot report passive losses on real estate investments on Schedule D c.​once calculated, its net income is reported on Form 1040 d.​the owner must pay self-employment taxes to fund both the Social Security and Medicare systems 2.​A sole proprietor is fully liable for the debts and obligations of the business. (True/False). 3.​Each partner in...
Taxpayers can file a Form 1040 if they file using which of the following: A. Head...
Taxpayers can file a Form 1040 if they file using which of the following: A. Head of household. B. Married filing separately. C. Married filing jointly. D. All of the above
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT