Question

In: Accounting

Answer the following questions 1. Who can qualify to file as head of household? 2. What...

Answer the following questions
1. Who can qualify to file as head of household?
2. What three general tests must be passed to be considered a dependent of a taxpayer?3.What is the standard deduction for each of the five filing statuses for 2019?

Solutions

Expert Solution


Related Solutions

1.       All of the following individuals can file as head of household EXCEPT_______ ·         Kathy is...
1.       All of the following individuals can file as head of household EXCEPT_______ ·         Kathy is an unmarried taxpayer who pays all of the costs to maintain her home and provides more than half the support for her five-year old son with whom she lives. ·         Daniel is married taxpayer who lives with and provides more than half the support for his seven-ear old daughter. He also provided more than half the costs of maintaining their household. Daniel’s wife moved...
Which of the following taxpayers may file as a head of household? Frank provides all the...
Which of the following taxpayers may file as a head of household? Frank provides all the support for his mother, Betty, who lives by herself in an apartment in Fort Meyers. Frank pays the living expenses of his mother and properly claims his mother as a dependent. Sheila provides over one-half the support for her 18-year old younger brother, Mark. Mark earned $5,000 working at a fast food restaurant and is saving his money to attend college in the future....
Please answer the following short essay questions: 39. What are the criteria to qualify for the...
Please answer the following short essay questions: 39. What are the criteria to qualify for the Administrative employee overtime exemption? (5 points)
Cindy is 35, and has one child. She is eligible to file as head of household....
Cindy is 35, and has one child. She is eligible to file as head of household. What is the minimum gross income that would require her to file a federal income tax return for the 2020 tax year?
Question Set 2: Two Independent Means Answer the following questions using the NYC2br.MTW file. You can...
Question Set 2: Two Independent Means Answer the following questions using the NYC2br.MTW file. You can find this dataset in this assignment in Canvas (i.e., where you downloaded this document and where you’ll upload your completed lab). Data were collected from a random sample of two-bedroom apartments posted on Apartments.com in Manhattan and Brooklyn. A. What is one type of graph that could be used to compare the monthly rental rates of these two-bedroom apartments in Manhattan and Brooklyn? Explain...
Question Set 2: Two Independent Means Answer the following questions using the NYC2br.MTW file. You can...
Question Set 2: Two Independent Means Answer the following questions using the NYC2br.MTW file. You can find this dataset in this assignment in Canvas (i.e., where you downloaded this document and where you’ll upload your completed lab). Data were collected from a random sample of two-bedroom apartments posted on Apartments.com in Manhattan and Brooklyn. A. What is one type of graph that could be used to compare the monthly rental rates of these two-bedroom apartments in Manhattan and Brooklyn? Explain...
Question Set 2: Two Independent Means Answer the following questions using the NYC2br.MTW file. You can...
Question Set 2: Two Independent Means Answer the following questions using the NYC2br.MTW file. You can find this dataset in this assignment in Canvas (i.e., where you downloaded this document and where you’ll upload your completed lab). Data were collected from a random sample of two-bedroom apartments posted on Apartments.com in Manhattan and Brooklyn. A. What is one type of graph that could be used to compare the monthly rental rates of these two-bedroom apartments in Manhattan and Brooklyn? Explain...
Research the three types of bankruptcy and answer the following questions: Who may file Chapter 7...
Research the three types of bankruptcy and answer the following questions: Who may file Chapter 7 bankruptcy? What are some of the reasons that people file bankruptcy? How does bankruptcy affect interest rates on loans? Credit cards? Then research, identify, and summarize a specific Chapter 7 bankruptcy case or issue. Incorporate the legal terminology from your textbook where appropriate, in both your original post and in your responses to your classmates. Use academic or legitimate news sources, such as The...
The following cross-tabulation shows household income by educational level of the head of household Household Income...
The following cross-tabulation shows household income by educational level of the head of household Household Income ($1000s) Education Level Under 25 25.0 –49.9 50.0 – 74.9 75.0 – 99.9 100 or more Total Not H.S. Graduate 4,207 3,459 1,389 539 367 9,961 H.S. Graduate 4,917 6,850 5,027 2,637 2,668 22,099 Some College 2,807 5,258 4,678 3,250 4,074 20,067 Bachelor’s Degree 885 2,094 2,848 2,581 5,379 13,787 Beyond Bach. Deg. 290 829 1,274 1,241 4,188 7,822 Total 13,106 18,490 15,216 10,248...
The following cross-tabulation shows household income by the educational level of the head of the household...
The following cross-tabulation shows household income by the educational level of the head of the household (Statistical Abstract of the United States, 2008). Household Income ($1000s) Education Level Under 25 25.0 –49.9 50.0 – 74.9 75.0 – 99.9 100 or more Total Not H.S. Graduate 4,207 3,459 1,389 539 367 9,961 H.S. Graduate 4,917 6,850 5,027 2,637 2,668 22,099 Some College 2,807 5,258 4,678 3,250 4,074 20,067 Bachelor’s Degree 885 2,094 2,848 2,581 5,379 13,787 Beyond Bach. Deg. 290 829...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT