1. Theodore, age 74, and Maureen, age 59, are married taxpayers with two dependents. Their adjusted gross income for the 2018 tax year is $43,600, and they have itemized deductions of $7,800. Determine the following for Theodore and Maureen's 2018 income tax return: a. The greater of the amount of their standard deduction or their itemized deductions b. Their taxable income 2. Jeri is single and supports her 45-year-old son who has income of $350 from working in a pumpkin patch during October and lives in his own apartment. a. Can she claim him as a dependent? b. Can she claim head of household filing status? Why or why not
1. Theodore, age 74, and Maureen, age 59, are married taxpayers with two dependents. Their adjusted gross income for the 2018 tax year is $43,600, and they have itemized deductions of $7,800. Determine the following for Theodore and Maureen's 2018 income tax return: a. The greater of the amount of their standard deduction or their itemized deductions b. Their taxable income 2. Jeri is single and supports her 45-year-old son who has income of $350 from working in a pumpkin patch during October and lives in his own apartment. a. Can she claim him as a dependent? b. Can she claim head of household filing status? Why or why not
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 29P: Arthur and Cora are married and have 2 dependent children. They have a gross income of 95,000. Their...
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1. Theodore, age 74, and Maureen, age 59, are married taxpayers with two dependents. Their adjusted gross income for the 2018 tax year is $43,600, and they have itemized deductions of $7,800. Determine the following for Theodore and Maureen's 2018 income tax return:
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2. Jeri is single and supports her 45-year-old son who has income of $350 from working in a pumpkin patch during October and lives in his own apartment.
a. Can she claim him as a dependent? |
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT