Question

Which of ollow indi tax return? Should any of these individuals file a return even if filing is no t required? Why or why not? a. Patricia, age 19, is a self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amot1nted to $4,900. b. Mike is single and is 67 years old. His gross income from wages was $10,800. c. Ronald is a dependent child under age 19 who received $6,800 in wages from a part-time job. d. Sam is married and files a joint return with his spouse, Lana. Both Sam and Lana are 67 years old. Their combined gross income was $24,250. e . Quinn, age 20, is a full-time college student who is claimed as a dependent by his parents. Quinn reports taxable interest and dividends of $2,500.

Answer 1

Name	Filing status	Reason
Patricia	Not required	Single and Gross income is less than $12,200 (its $5200)
Mike	Not required	Single and older than 65 years, Gross income less than $13,850 (Its $10,800)
Ronald	Not required	Single Gross income less than $13,850 (Its $6,800)
Sam	Not required	Married, filing jointly, both are older than 65 years, total income of $25,250 is less than $27,000
Quinn	Not required	Single and Gross income is less than $12,200 (its $2500)

Notes: Refer below table for criteria to file the return or not.

Source: Publicaion 501 from the IRS.

IF your filing status is...	AND at the end of 2019 you were...*	THEN file a return if your gross income was at least...**
single	under 65	$12,200
65 or older	$13,850
head of household	under 65	$18,350
65 or older	$20,000
married, filing jointly***	under 65 (both spouses)	$24,400
65 or older (one spouse)	$25,700
65 or older (both spouses)	$27,000
married, filing separately	any age	$5
qualifying widow(er)	under 65	$24,400
65 or older	$25,700