Questions from General Taxation

Q: For each of the following cases, indicate the filing status for

For each of the following cases, indicate the filing status for the taxpayer(s) for 2016 using the following legend: A – Single B – Married filing a joint return C – Married filing separate returns...

Q: Melissa and Aaron are married taxpayers with taxable income of $105

Melissa and Aaron are married taxpayers with taxable income of $105,000. a. When you calculate their tax liability are you required to use the tax tables or the tax rate schedules, or does it matter?...

Q: Jessica and Carl were married on July 1, 2016. What

Jessica and Carl were married on July 1, 2016. What are their options for filing status for their 2016 taxes?

Q: Maggie is single and supports her 85-year-old parents

Maggie is single and supports her 85-year-old parents who have no income and live in a home rented for them by Maggie. What is Maggie’s filing status and why?

Q: Jason and Mary are married taxpayers in 2016. They are both

Jason and Mary are married taxpayers in 2016. They are both under age 65 and in good health. For this tax year, they have a total of $41,000 in wages and $700 in interest income. Jason and Mary’s dedu...

Q: List each alternative filing status available to unmarried individual taxpayers and the

List each alternative filing status available to unmarried individual taxpayers and the circumstances under which the alternatives can be used.

Q: Mary is single and supports her 30-year-old son

Mary is single and supports her 30-year-old son who has income of $2,000 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 w...

Q: Indicate, in each of the following situations, the number of

Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim on their 2016 income tax returns. Number of Exemptions a. Donna, a 20-year-old single taxpay...

Q: What is the total dollar amount of personal and dependency exemptions which

What is the total dollar amount of personal and dependency exemptions which a married couple with one child and $80,000 of adjusted gross income would claim in 2016?

Q: If Charles, a 16-year-old child model,

If Charles, a 16-year-old child model, earns $50,000 a year and is completely selfsupporting even though he lives with his parents, can his parents claim him as a dependent? Why or why not?