Ben is a single taxpayer with no dependents and is 32 years old. What is the minimum
Question:
Ben is a single taxpayer with no dependents and is 32 years old. What is the minimum amount of income that he must have to be required to file a tax return for 2018?
a. $4,150
b. $12,700
c. $12,000
d. $24,000
e. None of the above
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ 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. The current income tax system was: a. Designed solely to raise money to run the government b. Authorized by the founding fathers when the government was formed c. Not designed with social...
-
Calculate the 2014 total tax for Gordon Geist, a single taxpayer with no dependents and no itemized deductions. He has an active income of $40,000, a short-term capital gain income of $4,000 from the...
-
In 2015, Charla, a single taxpayer with no dependents, was severely hurt in a farm accident. Charla is 38 years old. The accident left Charlas legs 85% paralyzed. After incurring $14,000 of medical...
-
Layes Corporation has been authorized to issue 20,000 shares of $100 par value, 7%, noncumulative preferred stock and 1,000,000 shares of no-par common stock. The corporation assigned a $5 stated...
-
JCPenney Company, Inc., is a major retailer with department stores in 49 states and Puerto Rico. The main part of the company's business consists of providing merchandise and services to consumers...
-
1. What standard is used to determine whether or not the discharges constitute a violation of the Clean Air Act? 2. What common law doctrine could Blacks have possibly pursued in an attempt to compel...
-
Construct and interpret an R-chart for the data in Exercise 11.21 (p. 668). a. Calculate and plot the upper control limit and, if appropriate, the lower control limit. b. Calculate and plot the A, B,...
-
Evaluate Research In Motions keys to success. What did the company do well and, in hindsight, what should it have done differently during its decade of extreme growth?
-
Super Fancy Toys Company ( SFTC ) is a leading kids toys manufacturing company. The company utilizes a flexible budget and standard costs to aid in the planning and control of its products. The...
-
1.3 Determine the force P necessary for the equilibrium of a steel bar shown in Fig. 1.69. The diameters of the first, middle and the last segments of the bar are 30 mm, 25 mm and 30 mm respectively....
-
Jonathan is a 35-year-old single taxpayer with adjusted gross income in 2018 of $46,300. He uses the standard deduction and has no dependents. a. Calculate Jonathans taxable income. Please show your...
-
Joan, who was divorced in 2018, had filed a joint tax return with her husband in 2017. During 2018, she did not remarry and continued to maintain her home in which her five dependent children lived....
-
Under ambient conditions lithium and sodium adopt simple bcc structures. Under high pressures these alkali metals undergo a series of complex phase transitions to fcc and then lowersymmetry...
-
4. What is the time complexity of the following procedure for in/2 to n do j 2 end for while (j
-
If the concentration of a constituent in the influent to the equalization basin is constant over the 24 h period, will the load of the constituent from the basin be constant? If the concentration of...
-
A three-phase transmission line of a 60 Hz circuit has a length of 370 km (230 miles). the conductors are of the 795,000cm (54/7) type with horizontal spacing of 25 feet between them. The load on the...
-
Simulate rolling a dice using Math.random() . Your roll function should allow the caller to specify any number of sides, but default to 6 if no side count is given: roll() assumes a 6 sided dice,...
-
Drama Read the excerpt from a play. Then, answer the question(s). (1) (2) Belle: Having trouble deciding what will make you look like both a power to be reckoned with and a fetching young lady while...
-
The unit cells of SbCl 3 are orthorhombic with dimensions a = 812 pm, b = 947 pm, and c = 637 pm. Calculate the spacing, d, of the (411) planes.
-
Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...
-
Charlene receives a gift from her boyfriend of $10,000. He knows she is having financial problems and wants to help her. How much of the gift is taxable to Charlene?
-
Charlene receives a gift from her boyfriend of $10,000. He knows she is having financial problems and wants to help her. How much of the gift is taxable to Charlene?
-
Vandell is a taxpayer in the 25 percent tax bracket. He invests in Otay Mesa Water District Bonds that pay 4.5 percent interest. What taxable interest rate will provide the same after-tax return to...
-
September 1 . Purchased a new truck for $ 8 3 , 0 0 0 , paying cash. September 4 . Sold the truck purchased January 9 , Year 2 , for $ 5 3 , 6 0 0 . ( Record depreciation to date for Year 3 for the...
-
Find the NPV for the following project if the firm's WACC is 8%. Make sure to include the negative in your answer if you calculate a negative. it DOES matter for NPV answers
-
What is the value of a 10-year, $1,000 par value bond with a 12% annual coupon if its required return is 11%?
Study smarter with the SolutionInn App