Question

In: Accounting

Which taxpayer(s) is/are required to file a federal income tax return for 2017? Juan (28) has...

Which taxpayer(s) is/are required to file a federal income tax return for 2017? Juan (28) has gross income of $15,400. He is a qualifying widower with one dependent. Elaine (68) has gross income of $12,150. She is single and has no dependents. Randy (32) has gross income of $4,000. His filing status is married filing separately. Robert (65) and Maria (61) have gross income of $21,500. They wish to file a joint return.

Solutions

Expert Solution

Not everyone is required to file federal income tax return.only those imcomes exceed certain amounts must do so.below some limits for filing income tax return in 2017.

1. A qualifying widow(er) with an age under 65 with dependent child ,whose incomes exceeds $ 16750 is required to file federal income tax return . As Juan (28) is quafying widower with one dependent child and has income $15,400 , as his income not exceeds the prescribed limit $ 16,750, thus he don't have file return.

2. Similarly , the person who is filing return as single as his/her filing status with an age of 65 or older is only required file return when incomes exceeds $11,750. Elaina is 68 with an income $12,150 ,so Elaina required to file tax return.

3.a person who is married and filing return as single with any age , is required to file only when income exceeds $4,050. Randy is 32 with an income of $4,000, hence he is not required not to file .

4. If filing status is married filing jointly, with an age of one spouse 65 or more, then the limit is $22,050. Robert(65) ,Maria(61) has an income of $21,500 and married filing jointly as filing status , which is not exceeds the prescribed limit , hence they don't need to file the return.

Therefore only Elaina is required to file the return.


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