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4. Bill Barton is married to a nonresident alien who files federal income tax returns using a June 30 fiscal year, Bill provides 68% of
4. Bill Barton is married to a nonresident alien who files federal income tax returns using a June 30 fiscal year, Bill provides 68% of the cost of maintaining a household in which Bill and a qualifying child of Bill reside for all twelve months of 2020. Assuming that Bill wishes to incur the lowest possible income tax liability, what Form 1040 filing classification will will use? Married joint B Head of household Married separate D Single E None of the above 5 Patrick and Katherine Johnson are married and file a joint Form 1040. For the year, they report modified adjusted gross income of $320,000 and not investment incare of $32,000 $ 2,660 4,560 C 1.220 D. 300 E. None of the above B 6. Donald and Margaret Wilson were divorced in 2015. The divorce decree was silent regarding the dependency/exemption for their 9-year-old son, Marcus. Donald has custody of Marcus and neither Donald nor Margaret signed a statement releasing dependency classification for Marcus. During 2020, Donald earned $19,000 and Margaret earned $175,000. Marcus earned $1,200 during the year. Who will claim the exemption/dependency status for Marcus and why? A Marcus, since he had gross income and files his own return. B Donald and Margaret may each claim Marcus as a dependent, since they both contributed to his support Donald, since he has custody of Marcus Margaret, since she earned more than Donald and therefore is presumed to have provided more than 50% of Marcus' support. None of the above C
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