____________ is the return filing deadline for an individual taxpayer who has no self-employment or unincorporated business income to report during 2021, while ______ is the return filing deadline for an individual taxpayer that has self-employment income to report during 2021.

Q: Sonny receives wages of $47,900 and $10,000 of unemployment in 2021

A: As per Income tax act 1961 (indian no any other deatial given for other country tax that why)

Q: X wishes to file his 2019 income tax return. To avoid penalty, he must file his return on or before:…

A: For individuals, income tax return filing due date when their financial year ends on December 31 is…

Q: A taxpayer received a notice from the BIR to file his 2020 income tax return not later than January…

A: solution concept provision The interest penalty is levied @ 20% pa of the tax due after April 15 of…

Q: When is the filing deadline for an individual taxpayer who has no partnership or sole proprietor…

A: When is the filing deadline for an individual taxpayer who has no partnership…

Q: a. Assume that Eva is concidered to be an employee. What amount of FICA taxes is she required to pay…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: ulie, a single taxpayer has completed her 2020 Schedule C and her net loss is 40,00

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In 2021, Miranda records net earnings from self-employment of $158,500. She has no other income.…

A: GIVEN DATA   In 2021, Miranda records net earnings from self-employment of $158,500.   She has no…

Q: Rent payments that are processed through a third-party net work after March 11, 2021, should be…

A: GIVEN   Rent payment that are proceed through a 3rd party network after March 11,2021 should be…

Q: Taxpayer enjoyed its last year of its income tax holiday in 2020. For that year, it reported however…

A: The net operating loss (NOL) is incurred in business when the total deductible expenses are more…

Q: Required: a) What is the closing balance of the franking account on 30 June 2019? 5) What are the…

A: The type of ledger account or statement which records only the amount related to tax is known as…

Q: Under 2020 tax law, a child no longer qualifies a taxpayer for the Child Tax Credit in the year the…

A: For the 2020 tax credit, a child must have been under age 17 (i.e., 16 years old or younger) at the…

Q: A taxpayer is contributing to an RRSP for the 2021 tax year. The taxpayer's earned income in 2020…

A: GIVEN A taxpayer is contributing to an RRSP for the 2021 tax year. The taxpayer's earned income in…

Q: Anna paid her income tax on June 20, 2019. She filed a claim for refund on May 2, 2020and received…

A: Anna paid her income tax on June 20, 2019 It means she filed her income tax = 20.06.2019 She also…

Q: Based on Problem 3, assuming Nelia was promoted on June 2018, and starting the same month was given…

A: In the given question, Nelia was promoted in June 2018 and she has given a raise and thereby she…

Q: Your standard deduction will be $12,400 in 2020 if you are:   a. A married individual filing a…

A: Standard deduction is the portion of income that is reduced from gross income which ultimately…

Q: A taxpayer received a notice from the BIR to file his 2020 income tax return not later than January…

A: Surcharge- Surcharge refers to an addition of extra charge on the decided or identified price. In…

Q: If a calendar year taxpayer's 2021 individual income tax return is mailed on June 15, 2022, the…

A: Given : a. June 15, 2025 b. June 15, 2024 c. April 15, 2025 d. April 15, 2024 e. None of these…

Q: Determine Amy’s taxable income for 2019 if she has $40,000 of salary income, is single, and claims…

A: Amy' taxable income = Gross income- standard deduction Standard deduction allowed for single tax…

Q: Dora Burch files her 2020 income tax return on March 2, 2021. She receives a nil assessment on June…

A: As given Dora Burch prepares her tax return for the year 2020 on March 2, 2021. On June 3, 2021, she…

Q: An individual taxpayer can adopt either the calendar or fiscal year period for purposes of filing…

A: Tax return:- A tax return is referred as the form or forms that is filled with a tax authority and…

Q: Briefly explain how the Internal Revenue Code treats an annual loss incurred by an individual who…

A: The W-2 form is only applicable when the person is an employee. Schedule C of IRC is used to account…

Q: is the tax payment deadline for all individual taxpayers regardless if they have self-employment or…

A: 31 december 2021 is the extended tax payment deadline for all individual taxpayers regardless if…

Q: A taxpayer received a notice from the BIR to file his 2020 income tax return not later than January…

A: Failure to pay tax due according to rules and regulations before the stipulated date attracts the…

Q: Would education expenses incurred by a self-employed individual be allowed in 2021 for the following…

A: A self employed can deduct the cost of education required for his /her…

Q: Henry files as a single taxpayer.  In 2020 his taxable income was $95,525.  Using the tax rate…

A: Income tax is a financial charge imposed by a country’s revenue department for funding the security,…

Q: 18. .n 2020, Meghann Carlson, a single taxpayer, has QBI of $120,800 and modified taxable income of…

A: Federal income taxes are imposed in USA. The income tax is determined by applying tax rate which…

Q: which of the following is required for a taxpayer to be subject to the tax on unearned income of…

A: The tax that is imposed on a person who is under 19 years of age on his/her investment and unearned…

Q: A taxpayer employs a qualified PWD for a total salary of P50,000. Assuming taxpayer meets all…

A: IN ACCORDANCE TO SECTION 8 OF RA 7277 STATES THAT THERE IS A SPECIAL DEDUCTION OFFERED TO TAXPAYERS…

Q: is she required to file a tax return

A: Given: Helen, a single taxpayer, earns an interest income of $ 8750.

Q: In 2020, depending on the amounts of income and other tax information, some individuals may report…

A: Depending on the amounts of income and other tax information, some individuals may report their…

Q: Which one of the statement regarding itemized deductions in 2020 is false? Group of answer choices…

A: Taxable income is the measurement of income which is used to calculate the amount of tax that needs…

Q: A taxpayer has unutilized or excess Creditable Withholding Taxes (CWT) for the taxable year 2019.…

A: Withhold taxes The term withhold taxes which can be described as portion of amount which can be…

Q: How long can a taxpayer carry foward a 2021 Net Operation Loss (NOL)?

A: The question is related to the taxation. Net operating loss is the result of excess expenses over…

Q: Norman Foster filed his 2020 tax return as was required on June 15, 2021. His Notice of Assessment…

A: The “notice of objection” can be filed by the taxpayers if they found that the mail they received is…

Q: When long may a taxpayer defer a Net Activity Loss (NOL) in 2021

A: Deductions are the amount of costs that can be deducted from income in the computation of income for…

Q: Click here to access the exemption table. If required, round your final answers to the nearest…

A: Federal Taxation In the federal taxation it is computed by taken up of total gross income which are…

Q: Cherry Ann filed her 2021 ITR on May 12, 2022. She then received assessment of deficiency

A: In Phillipines the taxpayer files the selfassessed ITR within…

Q: Which of the following statements regarding the home mortgage interest expense deduction is false…

A: The question is related home mortgage interest expenses deduction. As per Internal Revenue Service…

Q: For 2018, the Social Security portion of the FICA tax is imposed at a rate of (not including any…

A: Social security amount total rate financed is 12.4%. For 2018 the social security portion of the…

Q: taxpayer received a notice from the BIR to file his 2019 income tax return not later than January…

A: Taxpayers are allowed for deductions of investment expenses and miscellaneous itemized deductions…

Q: Anna paid her income tax on June 20, 2019. She filed a claim for refund on May 2, 2020and received…

A: Anna paid her income tax on 20.06.2019 It means tax filing date = 20.06.2019 She filed a claim for…

Q: Alice is a single taxpayer with no dependents that has AGI of $11,200 in 2020. Alice is required to…

A: Under the Affordable Care Act, the provision of individual shared responsibility requires the…

Q: Norman Foster filed his 2021 income tax return as was required on June 15, 2022. His Notice of…

A: The above questions answer shown in the following steps for your reference.

Q: In 2021, the shared responsibility payment: Applies to uninsured taxpayers whose modified…

A: Share Responsibility payment is the penalty for uninsured. If the taxable income exceeds the…

Q: Annie files her 2020 tax return on April 15, 2021. On what date will the Statute of Limitations on…

A: As per Internal Revenue Service, If tax return due on April 15 if it files such return early or…

Q: Jasmine Dayne (29) is filing as a single taxpayer. In 2020, she received income from the following…

A: Introduction:-Jasmine Dayne (29), a single taxpayer, has filed her tax return. She earned money from…

Q: Calculate the amounto of self -employment tax that Aaron will be required to pay for the tax year…

A: Sepf employment tax rate 2020 = 15.3% Income = 345000-150000= 195000

Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.