1. John and Mary had been married for 15 years before John died in a car...

1. John and Mary had been married for 15 years before John died in a car accident on December 31, 2019. Mary and her son, Daze, age 27 in 2018, continued to live at home in 2019, 2020, 2021, and 2022. Daze worked part-time (earning $3,500 in each of the four years) and attended the university on a part-time basis. Mary provided more than 50% of Daze’s support for all four years. What is Mary’s filing status for 2019, 2020, 2021, and 2022?

2. Assuming the same situation as above except that Daze earned $4,500 in each of the four years, what is Mary’s filing status for 2019, 2020, 2021, and 2022?

Expert Solution

Part 1

Year	Filing status
2019	Married filing jointly (the year in which spouse, in that filing status will be married filing jointly)
2020	Head of household (Mary does not qualify for qualifying widow status as she cannot claim Daze as dependent child as he does not satisfy age test. However, he can be claimed as dependent (qualifying relative) as he lives with Mary for the entire year, also Mary provides him more than 50% support. Moreover, his income is less than $4200. So, in 2020 Mary is single with dependent and as she is not eligible for qualifying widow status, she qualifies for head of household status.
2021	Head of household
2022	Head of household

Part 2

Year	Filing status
2019	Married filing jointly
2020	Single (Mary does not qualify for qualifying widow status as she cannot claim Daze as dependent child as he does not satisfy age test. Also, he cannot be claimed as dependent (qualifying relative) because he he lives with Mary for the entire year, also Mary provides him more than 50% support, his income is more than $4200. So, in 2020 Mary is single with no dependent and as she is not eligible for qualifying widow status, she qualifies for Single taxpayer.
2021	Single
2022	Single

ekkarill92 answered 1 year ago

Rick and Maria had been married for 20 years before their divorce in the current year....

Rick and Maria had been married for 20 years before their divorce in the current year. At that time, they made the usual property settlement: Maria got the house, the van, and the cat; Rick got the mortgage, the Ford, and the dog. Other property was divided equally with the exception of the following: At the time of their divorce, Maria had instituted a number of lawsuits against various fast-food chains for infringement of her patent on an automated burrito-stuffing...

Mary and Bob have been married for 25 years. They are both college professors. Mary (50...

Mary and Bob have been married for 25 years. They are both college professors. Mary (50 years of age) makes $65,000 annually and Bob (60 years of age) makes $75,000 annually. Their oldest daughter is getting married. Bob and Mary would like to either 1) take out a second mortgage on their home (they can get an interest rate of 7 percent) or 2) withdraw funds from their IRAs or 3) sell their rental property. The cost of the wedding...

1.Maria and John have been married for 2 years and just learned that they are pregnant....

1.Maria and John have been married for 2 years and just learned that they are pregnant. They have been renting a small apartment but decide to purchase a house. The one they have found has a selling price of $300,000. They will make a 20% down payment. They are considering 2 financing options at their credit union: Option 1: 3.125% interest 30-year mortgage: Option 2: 2.5% interest 15-year mortgage: Answer the following questions showing all your work to reach...

Problem 1: John and Mary are married and file a joint return claiming their three children...

Problem 1: John and Mary are married and file a joint return claiming their three children ages 4, 5, and 18, as dependents. Their AGI is $125,400 and their pre credit tax liability is $13, 431. They are not claiming any other tax credits in 2019. Complete the Child Tax Credit Worksheet Parts 1 and 2 to determine John and Mary’s child tax credit for 2019. Problem 2: Jose and Jamie have a 5-year-old child. Jose has a salary of...

Maria and John have been married for 2 years and just learned that they are pregnant....

Maria and John have been married for 2 years and just learned that they are pregnant. They have been renting a small apartment but decide to purchase a house. They find one that is selling for $525,000. They decide to make a 15% down payment. Maria and Jon are considering 2 financing options: Option 1: a 4.0% interest 30-year mortgage Option 2: a 3.25% interest 15-year mortgage Answer the following questions showing all your work to reach each answer. A....

4. Before the baby is born, John and Mary want to take a vacation to Gatlinburg,...

4. Before the baby is born, John and Mary want to take a vacation to Gatlinburg, TN. They can travel in January or August. They do some research about the weather in January and in August in 2018. Using the information below answer the following questions. Answer each of the following questions separately, showing all your work to reach each answer A. In which month was the difference between the mean high temperature and the mean low temperature smaller? Show...

John and Mary Jane Diaz are married, filing jointly. Their address is 204 Shoe Lane, Blacksburg,...

John and Mary Jane Diaz are married, filing jointly. Their address is 204 Shoe Lane, Blacksburg, VA 24061. John is age 35, and Mary Jane is age 30. They are expecting their first child in early 2019. John's salary in 2018 was $105,000, from which $20,800 of Federal income tax and $4,700 of state income tax were withheld. Mary Jane made $52,000 and had $3,000 of Federal income tax and $3,100 of state income tax withheld. The appropriate amounts of...

Tax Computation Problem John and Mary Jane Diaz are married, filing jointly. Their address is 204...

Tax Computation Problem John and Mary Jane Diaz are married, filing jointly. Their address is 204 Shoe Lane, Blacksburg, VA 24061. John is age 35, and Mary Jane is age 30. They are expecting their first child in early 2021. John’s salary in 2020 was $105,000, from which $20,800 of Federal income tax and $4,700 of state income tax were withheld. Mary Jane made $52,000 and had $3,000 of Federal income tax and $3,100 of state income tax withheld. The...

John Murphy: he is 40 years old and is married to a partner that has no...

John Murphy: he is 40 years old and is married to a partner that has no income. He earns $3,600, semi-monthly. He is employed in the Province of Ontario. Jane Robinson: she is 28 years old and single. She earns a salary of $1,000, semi-monthly. Her expected commission income for 2019 is $70,000 and her 2018 expenses against her commission income was $22,455. She is also employed in the Province of Ontario. Required: Prepare a TD1 for John and a...

Todd and Edna have been married for three years. They have had serious personal problems. Edna...

Todd and Edna have been married for three years. They have had serious personal problems. Edna is a heavy drinker, and Todd cannot keep a job. Also, they have bickered and fought constantly since their marriage. Deciding that the way to overcome their problems is to have a child, they stop practicing birth control, and Edna becomes pregnant. 1. Identify the consequences of the actions taken 2. Determine whether the actions taken represented a greater good, who would benefit...

Question