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Can I get some help with this please. e. What are deductions from AGI? Why is it important to distinguish deductions for AGI and deductions
Can I get some help with this please.
e. What are deductions from AGI? Why is it important to distinguish deductions for AGI and deductions from AGI? (9-2a) What is the basic standard deduction? What is the additional standard deduction? Who qualifies for an additional standard deduction? (9-2b) How do you calculate the standard deduction of an individual who can be claimed as a dependent on another person's tax return? (9-3) When does someone qualify as a dependent? a. (9-3a) What tests does a qualifying child have to meet? (Don't worry about the tiebreaker rules.) b. (9-3b) What tests does a qualifying relative have to meet? What is a multiple support agreement? c. (9-3c) What is a joint return test? (9-4a) What are the five filing statuses? a. When does a taxpayer file as a single taxpayer? b. What are the two options of filing for a married couple? What are the advantages and disadvantages of filing jointly? What are the advantages and disadvantages of filing separately? c. When is a taxpayer qualified to file as a qualifying widow/widower (surviving spouse)? What tax rate applies to them? d. When is a taxpayer qualified to file as a head of household? What are the abandoned spouse rules? (9-4b) When is an individual required to file a tax return? (Also remember that an individual due a refund must file a tax return to obtain a tax refund even if they are not required to file a tax return.) (9-5a) know how to calculate the tax liability using tax rate schedules. (9-5c) After calculating the tax liability, how do you compute net taxes payable or refund dueStep by Step Solution
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