Mark and Sue are married and U.S. citizens with valid Social Security numbers. The Malones received wages
Question:
Mark and Sue are married and U.S. citizens with valid Social Security numbers. The Malones received wages and a large amount of taxable income not subject to withholding. Mark did not have health insurance coverage for 2019 and Sue had health insurance coverage through her employer. The Malones have a $2,500 balance due on their joint return and want advice on how to prevent a balance due next year. They do not anticipate a change in their sources of income and amounts received next year
8. Mark and Sue should not file their tax return until they can pay the entire balance due.
a. True
b. False
9. Mark is required to make a shared responsibility payment because he did not have health insurance in 2019.
a. True
b. False
Introduction to Probability and Statistics
ISBN: 978-1133103752
14th edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver