Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2022 tax scedule form fill out. PLEASE use Form 1040 Schedule 1 Schedule A - itemized deductions Schedule B- interest & dividends Form 8995 -

2022 tax scedule form fill out.
PLEASE use
Form 1040

Schedule 1

Schedule A - itemized deductions

Schedule B- interest & dividends

Form 8995 - qualified business income deduction

Jackson is 18 years old and has a dog-sitting business. Calculate the 2022 standard
deduction Jackson will claim under the following independent circumstances.
a) Jackson reported $2,000 of earnings from his dog sitting and $300 in interest
income from his savings account. Jackson's parents claim him as a dependent.
b) Jackson reported $500 of earnings from his dog sitting and $2,000 in interest
income from his savings account. Jackson's parents claim him as a dependent.
c) Jackson reported $8,000 of earnings from his dog sitting and $3,000 in interest
income. Jackson's parents do not claim him as a dependent.
image text in transcribed
Jackson is 18 years old and has a dog-sitting business. Calculate the 2022 standard deduction Jackson will claim under the following independent circumstances. a) Jackson reported $2,000 of earnings from his dog sitting and $300 in interest income from his savings account. Jackson's parents claim him as a dependent. b) Jackson reported $500 of earnings from his dog sitting and $2,000 in interest income from his savings account. Jackson's parents claim him as a dependent. c) Jackson reported $8,000 of earnings from his dog sitting and $3,000 in interest income. Jackson's parents do not claim him as a dependent

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

Problems In Portfolio Theory And The Fundamentals Of Financial Decision Making

Authors: Leonard C Maclean, William T Ziemba

1st Edition

9814749931, 978-9814749930

More Books

Students also viewed these Finance questions

Question

Explain the steps involved in training programmes.

Answered: 1 week ago

Question

What are the need and importance of training ?

Answered: 1 week ago