a.
Identify the taxpayer’s filing status and number of dependents the taxpayer is allowed to claim, if Person F is single and supports 17 year old brother (Person B).
b.
Identify the taxpayer’s filing status and number of dependents the taxpayer is allowed to claim, if Person G and spouse reside with their son.
c.
Identify the taxpayer’s filing status and number of dependents the taxpayer is allowed to claim, if Person H’s spouse died last year.
d.
Identify the taxpayer’s filing status and number of dependents the taxpayer is allowed to claim, if Person I is married but spouse is not seen since February.
e.
Identify the taxpayer’s filing status and number of dependents the taxpayer is allowed to claim, if Person I is married but spouse is not seen since February also Person C is I’s husband.
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MCGRAW-HILL'S TAX.OF INDIV.+BUS.2020
- Martha is a self-employed tax accountant who drives her car to visit clients on a regular basis. She drives her car 4,000 miles for business and 10,000 for commuting and other personal use. Assuming Martha uses the standard mileage method, how much is her auto expense for the year? Where in her tax return should Martha claim this deduction? _________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________arrow_forwardBill and Anne Chambers are married and file a joint return. They have no children. Their college friend Ryan lived with them for the entire current tax year. Ryan is 40 years old and earned 2,000 at a part-time job and received 25,000 in municipal bond interest. Ryan is a citizen of the United States and is unmarried. Which of the following statements is true regarding claiming Ryan as a dependent on the Chamberses tax return? a. If Ryan earns 15,000 in self-employment income in addition to the part-time job and municipal bond interest, he will qualify as a dependent on the Chamberses tax return. b. Ryan qualifies as a dependent for the Chamberses under the qualifying child rules. c. As long as Ryan does not provide more than half of his own support, he qualifies as a dependent for the Chamberses under the qualifying relative rules because he lived with them for the entire year. d. As long as the Chamberses provide more than half of Ryans support, he qualifies as a dependent for the Chamberses under the qualifying relative rules.arrow_forwardWhich of the following would preclude a taxpayer from deducting student loan interest expense? a. The total amount paid is 1,000. b. The taxpayer is single with AGI of 55,000. c. The taxpayer is married filing jointly with AGI of 120,000. d. The taxpayer is taken as a dependent of another taxpayer.arrow_forward
- Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT