Questions and Answers of Fundamentals Taxation 2019

Arno and Bridgette are married and have combined W-2 income of $74,612. They paid $344 when they filed their taxes. How much income tax did their employers withhold during the
Eddie, a single taxpayer, has W-2 income of $39,238. Using the tax tables, he has determined that his tax liability is:a. $2,886.b. $3,077.c. $4,326.d. $4,569.
Sandra, a single taxpayer, has taxable income of $87,491. Using the tax tables, she has determined that her tax liability is:a. $11,124.b. $13,892.c. $15,284.d. $15,287.
Elizabeth determined that her tax liability was $3,942. Her employer withheld $3,492 from her paychecks during the year. Elizabeth’s tax return would show:a. A refund of $450.b. A refund of
On Form 1040, the amount of the permitted deduction from income for taxpayers filing a joint return is:a. $1,500.b. $12,000.c. $24,000.d. $36,000.
Wage income is reported to a taxpayer on a Form:a. W-2.b. 1099-G.c. 1099-W.d. 1099-INT.
In 2018, individual taxpayers with only wage income must file a Form:a. 1040.b. 1040W.c. 1099W.d. W-2.
Which of the following is not a permitted filing status?a. Married filing jointly.b. Single filing jointly.c. Head of household.d. Qualifying widow.
For tax year 2016 what proportion of individual income tax returns was filed on a Form 1040EZ, Form 1040A and Form 1040? What proportion was electronically filed?

Showing 800 - 900 of 809

1
2
3
4
5
6
7
8
9