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3 7 ) Review the following table. W - 2 $ 1 0 4 8 0 0 Stock Sale L / T $ 5 0
Review the following table.
W $
Stock Sale LT $
Qualified Dividends $
Sales of MM autograph $
Interest Income $
AGI $
Standard Deduction $
Taxable Income $
Is this statement correct?
a Qualified Dividends are taxed at the taxpayers ordinary tax rate
b The sale of the collectible, which was held for years, will be subject to the Tax Rate or their ordinary tax rate
Is the following scenario correct about federal filing status?
a An unmarried taxpayer has earned income of $K The taxpayers single mother does not live with the taxpayer and has no income, so the taxpayer provides of the mothers support. The taxpayer can file as HOH
b A dependent child has started an odd jobs service over the summer and has earned $ from multiple customers. The dependent can file as Single
c A taxpayer and spouse who are in a registered domestic partnership can file as MFJ on their federal return
d An unmarried taxpayer has a child born in Dec of the current tax year. The taxpayer has an earned income of $ The taxpayer can file as Single
e A taxpayers divorce is not finalized on the last day of the tax year, but they are legally separated. The taxpayer can file as Single
Is this item an allowable adjustment to income on the federal US for tax year
a Selfemployed taxpayer who reported a net profit on Schedule C for the year may be able to deduct the cost of their health insurance paid as a deduction to their AGI
b The taxpayer pays alimony that was executed June
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