Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The two filing statuses that generally result in the lowest tax amounts are Married Filing Jointly and _____. Group of answer choices Married filing

1.

The two filing statuses that generally result in the lowest tax amounts are Married Filing Jointly and _____.

Group of answer choices

Married filing separately

Head of Household

Surviving Spouse

Single

2. Mr. and Mrs. Long provided over one-half of the total support during 2019 of the following individuals:

  • Their daughter, age 26, who was married on December 30, 2019, has no gross income of her own and for 2019 files a joint return on which there was a tax liability with her husband.
  • Mrs. Longs sister, age 15, who lives with the Longs the entire year and is a full-time student. She has gross income of $8,000 from a part-time job.
  • Their neighbors daughter, age 16, who has lived with them since March 2019 (while her parents are in Mexico) and has no gross income.

Mr. and Mrs. Long file a joint return for 2019. How many dependents do they have?

Group of answer choices

a. All of them are dependents of Mr. and Mrs. Long

b. Only the neighbor's daughter

c. Only their daughter

d. Only Mrs. Long's sister

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Auditing Of ERP Systems

Authors: Yusufali F. Musaji

1st Edition

0471235180, 978-0471235187

More Books

Students also viewed these Accounting questions

Question

What is aggregate planning? What is its purpose?

Answered: 1 week ago