Question

Hi. I need an help understanding each of the given situations. I would greatly appreciate it.

Which of the following individuals are required to file a tax return for 2019? Should any of these individuals file a return even if filing is not 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 amounted 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. For 2019, Quinn has taxable interest and dividends of $2,500

Answer 1

a	Not Required	Because her net earnings from self employment are less than $400.
b	Not Required	Beacause he is over 65 years old and made less than $10,800.
c	Not Required	Because gross income of $6,800 is less than his standard deduction ($1,150 or $6800+$350)
d	Not Required	Because gross income of $24,250 is less than the $27,000 filling requirment.
e	Required	Because the total of unearned income is more than $1,100