Adam is 25 years old. His wife, Melissa, died on July 1st 2015. Adam has not remarried. His deceased wife had no income. They have two children ages 6 and 8 living with them. Adam has paid for all of the support for his deceased wife and the children. What is Adam’s filing status? (Explain your answer) a. Single. b. Married jointly or filing separately. c. Head of household. d. Qualifying widow(er) with dependent child. Can Adam claim his wife as a dependent? (Explain your answer) a. Yes b. No
here ADAM's filling will be qualifying widower with dependent child because his wife has died leaving 2 childrens behind and he have not remarried so he is a widower. adam cannot claim his wife as a dependent here as she is no more. but the children here are dependents here.
Adam is 25 years old. His wife, Melissa, died on July 1st 2015. Adam has not...
Question 32 (1 point) Bill died on February 5, 2016. His wife, Bonnie, and their 20-year-old son, Bob, survive. In 2019, Bob attends college part-time. His taxable wages are $4,500 and he lives with his mother the entire year. Bonnie pays all of the household costs. What is Bonnie's filing status for 2019? 1) Single 2) Qualifying widow(er) 3) Married, filing jointly 4) Head of household 5) None of the above
Charles and Alicia are married and have one child, Richard who is now 8 years old. The couple decided to separated and lived apart as of June 23rd, 2016. Charles’ attorney filed for divorce with the court on December 1st, 2017. The judge did not sign the decree until January 2nd, 2018. Richard lived with Alicia for the entire year and Alicia provided more than half of his support. What is Alicia’s filing status: (Explain your answer) Single. Married jointly...
In year 1, Harold Weston's wife died. Since her death, he has maintained a household for their son Frank (age 3), his qualifying child. Which is the most advantageous filing status available to Harold in year 4? a) Surviving spouse. b) Qualifying widower. c) Head of household. d) Married filing joint.
Determine the appropriate number of Qualified Dependents for the following taxpayer: T) is unmarried and supports his son and his son's wife, both of whom lived with him for the entire year. His son and daughter-in-law (both age 20) file a joint return to get a full refund, as their gross income was $3,500. Both son and daughter-in-law are full-time students at a local college. QUESTION 2 Identify the best Filing Status for the following taxpayer: Ted is divorced and...
this legend or statuses) in each of the following independent cases, using A - Single B Married, filing a joint return c Married, filing separate returns D Head of household E - Qualifying widow(er) Case Filing Status 1. The taxpayers are married on December 31 a 2. The taxpayer is single, with 3. The taxpayer is unmarried and i 4. The taxpayer is married and his spouse left midyear and has f the tax yea a dependent child living in...
HA - Multiple Choice (Must 14 In June of Year 1. Eric's wife. Savannah, died. Eric did not remarry during Year 1 Year 2. or Year 3. Eric maintains the household for his dependent daughter, Catherine, in Year 1 Year 2. and Year 3. Which is the most advantageous filing status for Eric in Year 2? nts Multiple Choice 00:44:28 O Head of household. Ο O Married filing separately. Ο Single. Ο Qualifying widower. Next >
29. Which item is not deductible for income tax purposes A. Polítical contributions to the Democrat Party because you are promised a job in the administration, B. Wages paid to your employees. C. Rent paid on your business office. D. Ordinary and necessary business expenses of your llegal after hours bar E. All of the above 30. Lisa was married to Max. They had twin ten year old girts. Max died in April 2017 and Lisa did not remarry before...
Adam filed his 2015 return on March 20, 2016. On June 15, 2016, he filed an amendment to change his filing status from single to head of household (HOH). Adam's qualifying child for HOH is not a dependent claimed on his original return. What is Adam required to do on his Form 1040X? Incorrect
For each of the following independent situations determine the amount of the standard deduction that the taxpayers should claim on their 2018 income tax returns. Table for the standard deduction Filing Status 2018 Standard Deduction Single $ 12,000 Married, filing jointly 24,000 Married, filing separately 12,000 Head of household 18,000 Qualifying widow(er) 24,000 1. Adam is 45 years old, in good health, and single. $ 2. Bill and Betty are married and file a joint return. Bill is 66 years...
Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. c. His AGI is $420,100, and his daughters are ages 10 and 12. EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Phase-Out Threshold Married filing jointly $400,000 Married filing separately 200,000 Head of household...