Question

Which taxpayer is most likely to benefit by itemizing deductions on their 2019 return? None of these individuals are blind. Alan (68), a single taxpayer with no dependents. His allowable itemized deductions are $13,620. o Cooper (31), a single taxpayer with no dependents. His allowable itemized deductions are $13,695. Gwen (65), who is unmarried are filing head of household. She has one dependent. Her allowable itemized deductions are $19,100. Zach (28), who is married and filing a joint return with his wife, Courtney (27). They have no dependents, and their allowable itemized deductions are $23,450. Mark for follow up Question 62 of 75. Will (43) and Teri (44) are married with no dependents. They will file separate returns for 2019. Will files his return first and claims total itemized deductions of $22,500. If Teri chooses to claim the standard deduction on her return, what is the maximum amount she may claim? o $0 $1,900 $12,200 $24,400

Answer 1

1.

If you're filing as a single taxpayer for 2019 taxes—or you're married and filing separately—you will likely be better off taking the standard deduction of $12,200 ,if your itemized deductions total less than that amount. The same applies to a married couple filing jointly who have no more than $24,400 in itemized deductions and heads of households whose deductions total no more than $18,350

since in the first case in option D married couple has an itemised deduction of $23450 which is less than the $24400 so he is more beneficial than others so Answer D is correct.so Zach 28 years is right answer.

2.since here they are married couples but filling seperate returns they are eligible for itemised deduction upto $12200 so answer C is correct i.e $12200.

3.yes your option is correct self employee tax is not shown in schedule C rest all is shown in that schedule hence answer D self employee tax is correct answer.