Question
1) During 2019, Mariam had the following transactions: Salary $60,000 Interest income on City of Albuquerque bonds 1,000 Commission Income received 5,000 Cash dividends from
1) During 2019, Mariam had the following transactions:
Salary $60,000
Interest income on City of Albuquerque bonds 1,000
Commission Income received 5,000
Cash dividends from IBM stock 2,000
Mariams AGI for 2019 is:
A. | $65,000. | |
B. | $60,000. | |
C. | some other amount. | |
D. | $68,000. | |
E. | $67,000. |
2) Which of the following is inaccurate for the qualifying relative rule:
A. | A dependent does not need to reside with the taxpayer. | |
B. | A dependent does not need to be relative of the taxpayer. | |
C. | A dependent must be a citizen of USA only. | |
D. | The gross income test is applicable and must be satisfied. | |
E. | A dependent does not need to satisfy an age requirement. |
3) Fatima is married to Ahmed, who abandoned her in 2019. She has not seen or communicated with him since June of that year.
She maintains a household in which she and her three dependent children live. Which of the following statements about Fatimas
filing status in 2019 is correct?
A. | Fatima can file as a head of household. | |
B. | Fatima can file as a surviving spouse. | |
C. | None of the other four choices is true. | |
D. | Fatima can file a joint return with Herb. | |
E. | Fatima can use the rates for single taxpayers. |
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