Question

Which of the following taxpayers is/are required to file a 2018 federal income tax return?

Which of the following taxpayers is/are required to file a 2018 federal income tax return?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

answer:

explanation,

  • In the event that 2017 expense manage will be connected then all in four alternatives should document assessment form.
  • Be that as it may, if 2018 tenets, at that point just initial one:
  • just wedded citizens need to document 2018 return. since, 2018 standarad deducation for wedded filling together is $24,000.
  • on the opposite side, both are wards on their folks.
  • 2018, head of family unit, standard deducation or breaking point of filling assessment form is $18000,
  • 2018, single, standard deducation or farthest point of filling assessment form is $12000.
  • 2018,single (65), standarad deducation of farthest point for filling assessment form is 13550.

so final answer is the

  • maried taxpayers ( dependents of their parents ) filling jointly (both age 18), gross income $24,900, all from wages.
0 0
Know the answer?
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
Similar Questions
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 ____
Which of the following taxpayers is required to file schedule B with their 2019 tax return?...
Which of the following taxpayers is required to file schedule B with their 2019 tax return? 1.) Arthur received $943 in ordinary dividends from his mutual fund. 2.) Han has accrued interest from a bond he sold during the year. 3.) Makeeda received $1,479 in interest on her money market account. 4.) Olivia received $236 in interest when she cashed in her U.S. Savings Bond.
A practitioner is engaged to prepare a client's federal income tax return for 2017 and 2018....
A practitioner is engaged to prepare a client's federal income tax return for 2017 and 2018. The practitioner files the 2017 return on the client's behalf and provided copies of the 2017 return and all related documents to the client. After the 2018 return is prepared, the client disputes the fees for the 2018 tax engagement, terminates the relationship, and requests all tax returns and related records. The client has not yet paid for preparation of the 2018 return. Under...
8) For the following taxpayers indicate whether the taxpayer should file a tax return and why....
8) For the following taxpayers indicate whether the taxpayer should file a tax return and why. a. Robert earned $50,000 this year as a staff accountant. His estimated tax liability is $4,500, and he expects to receive a $500 tax refund. b. Amy earned $4,000 this year working part-time. She will have no federal tax liability and has not made any federal tax payments. c. Ty earned $2,500 this summer and had $200 of federal taxes withheld from his paycheck....
Which of the following individuals are required to file a tax return for 2019? Should any...
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 self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amounted to $4,900. b) Mike is single and is 67 years old. His gross income from wages was $10,800. c) Ronald is dependent child under age 19 who received...
Ford’s federal income tax return was due on April 15, but Ford did not file his...
Ford’s federal income tax return was due on April 15, but Ford did not file his return or pay his taxes until June 30. Ford’s unpaid tax balance during this period was $400. What is the total penalty that will be imposed on Ford for his failure to file and failure to pay? a. $60.b. $66.c. $209.d. $215.
Currently, close to half of all taxpayers enjoy an effective federal tax rate of zero percent?...
Currently, close to half of all taxpayers enjoy an effective federal tax rate of zero percent? In contrast, the top one percent of taxpayers contribute more federal income tax revenues than the bottom ninety percent of taxpayers combined. Should there be a minimum federal tax rate that all taxpayers should be required to pay? If so, how do you think that it should be calculated for different income levels?
In regards to the taxation of corporations, which of the following statements about federal tax return...
In regards to the taxation of corporations, which of the following statements about federal tax return filing dates is false? A corporation with a fiscal tax year ending on April 30 must file its unextended Form 1120 by August 15 following the close of the tax year. In regards to filing annual income tax returns, corporations, like individuals, must file by the 15th day of the fourth month following the close of the tax year. A corporation may request an...
Gail a Bob are married and file a joint tax return in 2018. They had a...
Gail a Bob are married and file a joint tax return in 2018. They had a $34,000 adjusted gross income and each deferred $2000 into their employer 401k plan. If they have a $500 income tax liability what is the amount of their retirement contribution savings credit.?
When a corporate group elects to file Federal income tax returns on a consolidated basis, it...
When a corporate group elects to file Federal income tax returns on a consolidated basis, it is subject to several tax return filing requirements for its first and subsequent tax years. List the most important of those requirements.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT