Are the following required to file a federal income tax return? MFJ, husband aged 66, wife aged60, gross income of $25,200.
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- Compute the 2019 AMT exemption for the following taxpayers. a. Bristol, who is single, reports AMTI of 650,000. b. Marley and Naila are married and file a joint tax return. Their AMTI is 1,528,000.For purposes of determining income eligibility for the premium tax credit, household AGI is AGI for the taxpayer and spouse AGI for the taxpayer, spouse, and any other household members required to file a tax return AGI for the taxpayer, spouse, and any other household members required to file a tax return plus any tax-exempt income AGI for the taxpayer, spouse, and any other household members required to file a tax return plus any tax-exempt income and untaxed Social Security benefitsUse the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name : Rua Filing Status : head of the household Taxable income : $185,400 what is the Tax Liablity ??
- What is the amount of the tax liability for a qualifying widow(er) with a dependent child and having taxable income of $18,355? (All answers should be rounded to the nearest dollar.)Are the following required to file a federal income tax return? Married couple plans to file separately: Wife, age 64, gross income $4.600.Are the following required to file a federal income tax return? 17 yr od dependent receives income from a trust of $1,000
- For the following taxpayers, determine if they are required to file a tax return in 2022. Required: a. Ricko, single taxpayer, with gross income of $17,300. b. Fantasia, head of household, with gross income of $17,200. c. Ken and Barbie, married taxpayers with no dependents, with gross income of $22,300. d. Dorothy and Rudolf, married taxpayers, both age 68, with gross income of $24,200. e. Janyce, single taxpayer, age 73, with gross income of $13,200.Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name Filing Status Taxable Income Tax Liability Rua head of household $195,200Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the tax tables to determine tax liability. Required: Married taxpayers, taxable income of $97,763. Married taxpayers, taxable income of $67, 129. Note: For all requirements, round "Average tax rate" to 2 decimal places.
- Taxpayer, who is unmarried and whose filing status is Head of Household, has two dependent children ages 6 and 17 at year-end. Determine the amount of the child tax credit and credit for other dependents that Taxpayer is entitled to claim for the tax year if his Adjusted Gross Income is $207,500. a. 2,100 b. 3,600 c. 1,600 d. 2,500What is the tax liability for a married couple with a taxable income of $92,225? What is the tax liability for a married couple with a taxable income of $74,170?Which of the following taxpayers does not have to file a tax return for 2018? a.A single taxpayer who is under age 65, with income of $13,500. b.Married taxpayers (ages 45 and 50 years), filing jointly, with income of $26,000. c.A student, age 22, with unearned income of $2,500 who is claimed as a dependent by her parents. d.A qualifying widow (age 67) with a dependent child and income of $18,800. e.All of these choices are correct.
