Arthur is 65 years old and single. He supports his father, who is 90 years old, blind,
Question:
Arthur is 65 years old and single. He supports his father, who is 90 years old, blind, and has no income. What is Arthur’s standard deduction?
a. $12,000
b. $13,600
c. $15,200
d. $18,000
e. $21,200
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Answered By
Charles Okinda
students should give all the instructions concerning the challenge that they face. they will get an immediate response because I am always online.
4.90+
754+ Reviews
1481+ Question Solved
Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
Question Posted:
Students also viewed these Business questions
-
1. Arthur is 65 years old. He supports his father, who is 90 years old, blind, and has no income. For 2014, how many exemptions should Arthur claim on his tax return? a. 1 b. 2 c. 3 d. 4 e. 5 2....
-
a. Research at least 2 different full-service, premium discount, and basic discount stock brokerage firms, and compare the services and costs. What brokers would suit Pauls needs best, and why? What...
-
1. Which of the following is false about the self-employed health insurance deduction? a. The deduction cannot be claimed when a subsidized employer health insurance plan is also available. b. The...
-
Suppose the 2017 adidas financial statements contain the following selected data (in millions). Compute the following values and provide a brief interpretation of each. (a) Working capital. (b)...
-
Using the information in M6-12, prepare the journal entries needed at the time of sale and collection, assuming the company uses a perpetual inventory system. M6-12 Merchandise costing $2,000 is sold...
-
It has been argued that development economics has no general theory; it is instead the application of common sense to real-world problems. a. Do you agree or disagree with that statement? Why? b. Why...
-
Alpine Ski Shops Prepaid Rent balance is $4,500 on June 1. This prepaid rent rep resents six months rent. Journalize and post the adjusting entry on June 30 to record one months rent. Compute the...
-
An insurance company has high levels of absenteeism among the office staff. The head of office administration argues that employees are misusing the companys sick leave benefits. However, some of the...
-
On April 2, a corporation purchased for cash 6,000 shares of its own $14 par common stock at $29 per share. It sold 4,000 of the treasur per share. a. Journalize the entry for the purchase (treasury...
-
There are 2 shinobis with chakra levels 5 and 10 respectively and the desired sum of chakra levels is utmost 15 Starting with ke0, suy of chakra levels after attack max(5-0,0) + max(10- 0,0) 5+10 15....
-
For each of the following situations (none of the taxpayers claim dependents), indicate whether the taxpayer(s) is (are) required to file a tax return for 2018. Explain your answer. a. Helen is a...
-
Determine from the tax table in Appendix A the amount of the income tax for each of the following taxpayers for 2018: erls) Allen Boyd Caldwell ble Income Income Tax Filing Status $21,000 24,545...
-
Solid silver iodide, AgI, can be dissolved by adding aqueous sodium cyanide. Calculate K net for the following reaction. Agl(s) + 2 CN- (aq) [Ag(CN)](aq) + I- (aq)
-
Countries clearly lose when they subsidize exports. Why does the United States continue to subsidize exports of some of its products?
-
7. What is the characteristic feature of cyclic neutropenia? A) Neutrophil chemotaxis B) Very low neutrophil count for 3-6 days in a 21-day cycle C) Myeloperoxidase deficiency D) Defective neutrophil...
-
1) Given the following equations for the Market for Hamburgers: Supply Curve: P* = QS* + Demand Curve: P* = -20*+ 10 A. Draw out the 2 equations on the same x and y axis B. Solve for P* and Q*...
-
Define and demonstrate how risk adjustment is used to predict patient outcomes. please provide references.
-
Describe the current global business trend wherein countries are reducing trade between themselves to develop capabilities/supply chains in their own country. Provide 3 examples of companies or...
-
A basic ARM is made for $200,000 at an initial interest rate of 6 percent for 30 years with an annual reset date. The borrower believes that the interest rate at the beginning of year (BOY) 2 will...
-
A manufacturer can sell product 1 at a profit of $20 per unit and product 2 at a profit of $40 per unit. Three units of raw material are needed to manufacture one unit of product 1, and six units of...
-
How does the earned income credit produce a "negative" income tax?
-
Janie graduates from high school in 2015 and enrolls in college in the fall. Her parents pay $4,000 for her tuition and fees. a. Assuming Janie's parents have AGI of $170,000, what is the American...
-
List the 7 rules that all taxpayers must meet in order to claim the EIC?
-
What is the payout ratio for a firm with EPS (earnings per share) of $2.50 and dividend per share of $2.00?
-
Scott Siegel, manager of an M&A hedge fund, watched the tape go across his Bloomberg screen at 4:00 p.m. on June 13, 2001. Celera Genomics, a Rockville company known for mapping the human genome,...
-
A friend has an IRA with an APR of 6.256.25% . She started the IRA at age 21 and deposits $20 per month. How much will her IRA contain when she retires at age 65? Compare that amount to the total...
Study smarter with the SolutionInn App