Amy is 36 years old and her AGI in 2019 was $36,000. She also had the following medical expenses: Dentist visits, $1,800 Doctor visits, $3,200 Prescription Medication, $300 . Over the counter medication, $100 . Crutches, $150 Chiropractor Visit, $400 How much will Amy be able to deduct for her medical expenses in 2019? Multiple Choice $3,150 $3,250 $5,850 None of the above Which of the following is a "safe harbor" rule for penalties of the late payment of tax and/or late filing of the tax return? Assume taxpayer's AGI is below $80,000. Multiple Choice Taxpayer escapes penalties if the taxpayer has paid 100% of the prior year tax amount for the current year's tax liability by the due date. Taxpayer escapes penalties if the taxpayer has paid at least 75% of the current year's tax by the due date. Taxpayer escapes penalties if the remaining amount owed for the current year tax liability is below $5,000 on the due date. All of the above are safe harbor rules. Which of the following individuals would have to pay the marginal tax rate of their parents (kiddie tax)? Multiple Choice Maria, age 18, receives $5,000 from an investment account (unearned) set up by her mother and $12,000 from a part-time job. Her support for the year was $23,000. Daniel, age 12, receives $4,000 from an investment account that was established by his father. Daniel had no other income. Bart, age 20, earns $29,000 from his full-time job. Bart has no unearned income. Sara, age 18, has unearned income of exactly $2,200 from an investment account established by her mother. She also had earned income as a babysitter earning $3,000. Her total support for the year was $11,000. Amy is 36 years old and her AGI in 2019 was $36,000. She also had the following medical expenses: Dentist visits, $1,800 Doctor visits, $3,200 Prescription Medication, $300 . Over the counter medication, $100 . Crutches, $150 Chiropractor Visit, $400 How much will Amy be able to deduct for her medical expenses in 2019? Multiple Choice $3,150 $3,250 $5,850 None of the above Which of the following is a "safe harbor" rule for penalties of the late payment of tax and/or late filing of the tax return? Assume taxpayer's AGI is below $80,000. Multiple Choice Taxpayer escapes penalties if the taxpayer has paid 100% of the prior year tax amount for the current year's tax liability by the due date. Taxpayer escapes penalties if the taxpayer has paid at least 75% of the current year's tax by the due date. Taxpayer escapes penalties if the remaining amount owed for the current year tax liability is below $5,000 on the due date. All of the above are safe harbor rules. Which of the following individuals would have to pay the marginal tax rate of their parents (kiddie tax)? Multiple Choice Maria, age 18, receives $5,000 from an investment account (unearned) set up by her mother and $12,000 from a part-time job. Her support for the year was $23,000. Daniel, age 12, receives $4,000 from an investment account that was established by his father. Daniel had no other income. Bart, age 20, earns $29,000 from his full-time job. Bart has no unearned income. Sara, age 18, has unearned income of exactly $2,200 from an investment account established by her mother. She also had earned income as a babysitter earning $3,000. Her total support for the year was $11,000
