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can someone check this for me False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of

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False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of their exemptions for tax year 2019 is $16,800. 2. Bill and Martha are filing a joint return. They are both over 65 years old. Neither of them are blind. What is their standard deduction? 27000 A. 50 (Do not enter dollar signs, commas, periods, or decimal points in your answer.) 3. Sarah's divorce was finalized on March 4, 2019. As ordered in the divorce decree, Sarah received $14,000 in alimony for the year. How much of the alimony must be included as income on Form 1040? 4. An ITIN will expire if not used on at least one tax return for a period of two consecutive taxable years False D. A sole proprietor may be able to deduct up to 20% of QBI. 5. Which of the following statements is true regarding the deduction for qualified business income (QBI)? 6. Curtis, age 29, did not have health care coverage all year. His AGI is $35,000. What is the maximum Shared Responsibility Payment (SRP) he will be required to pay? $ 875 (Enter only numerals. Do not enter dollar signs, commas, periods, or decimal points in your answer.) 7. When itemizing deductions for tax year 2019, the 7.5% threshold for medical and dental expenses for taxpayers who have attained the age of 65 has expired, and all taxpayers are now subject to a 10% AGI threshold. False Note: Please select b. False as the correct answer. Year-end legislation changed the medical expense deduction floor to 7.5%. $5,400 in state and local income taxes $6,000 in real estate taxes $400 in ad valorem personal property taxes $4,300 in mortgage interest $1,800 in interest from a home equity loan used to pay credit card debt $2,000 in charitable contributions $600 in dues to professional organizations $180 for a safe deposit box rental $200 for subscriptions to professional journals $225 in tax preparation fees $1,000 in union dues 11800 Note: Please use the updated 7.5% medical expense deduction floor to calculate this answer 9. Which of the following statements is true? D. Children with an ITIN do not qualify for the child tax credit and the additional child tax credit Return Preparation Scenario: Ramon Taos 10. What income must Ramon report on Schedule C, Profit or Loss From Business? A. Only income reported on Form 1099- MISC and Form 1099-K from the ride share company For the purpose of these scenario questions only, ignore the VITA/TCE total business expense limitation for Schedule C. B. $22.463 11. What is Ramon's mileage expense deduction (at the standard mileage rate) for his business as a ride share driver? (Round to the nearest dollar.) 12. What is the amount that Ramon can deduct as student loan interest on Form 1040, Schedule 1? A. $0 13. Ramon's self employment tax is added to his other taxes on Form 1040, Schedule 2, and one half of the self employment tax is shown as an adjustment to income on Schedule 1. False 14. Ramon's Qualified Business Income (QBI) deduction is $0 because he has no taxable income before the QBI deduction. True 15. Ramon is too young to quality for the earned income credit without having a qualifying child. True False 1. Pete and Shirley are filing a joint return. They have two dependent children. The total amount of their exemptions for tax year 2019 is $16,800. 2. Bill and Martha are filing a joint return. They are both over 65 years old. Neither of them are blind. What is their standard deduction? $. 27000 (Do not enter dollar signs, commas, periods, or decimal points in your answer.) 3. Sarah's divorce was finalized on March 4, 2019. As ordered in the divorce decree, Sarah received $14,000 in alimony for the year. How much of the alimony must be included as income on Form 1040? 4. An ITIN will expire if not used on at least one tax return for a period of two consecutive taxable years. A. $0 False D. A sole proprietor may be able to deduct up to 20% of QBI. 5. Which of the following statements is true regarding the deduction for qualified business income (QBI)? 6. Curtis, age 29, did not have health care coverage all year. His AGI IS $35,000. What is the maximum Shared Responsibility Payment (SRP) he will be required to pay? $_ 875 (Enfer only numerals. Do not enter dollar signs, commas, periods, or decimal points in your answer.) 7. When itemizing deductions for tax year 2019, the 7.5% threshold for medical and dental expenses for taxpayers who have attained the age of 65 has expired, and all taxpayers are now subject to a 10% AGI threshold. False Note: Please select b. False as the correct answer. Year-end legislation changed the medical expense deduction floor to 7.5%. 8. Ed is single with no dependents. He has receipts for the expenses listed below that he paid in 2019. His AGI is $60,000. What are his total itemized deductions? $ (Do not enter dollar signs, commas, periods, or decimal points in your answer.) 11800 $8,000 in unreimbursed medical expenses $5,400 in state and local income taxes $6,000 in real estate taxes $400 in ad valorem personal property taxes $4,300 in mortgage interest $1,800 in interest from a home equity loan used to pay credit card debt $2,000 in charitable contributions $600 in dues to professional organizations $180 for a safe deposit box rental $200 for subscriptions to professional journals $225 in tax preparation fees $1,000 in union dues Note: Please use the updated 7.5% medical expense deduction floor to calculate this answer. QUIBUS answer 9. Which of the following statements is true? D. Children with an ITIN do not qualify for the child tax credit and the additional child tax credit. Return Preparation Scenario: Ramon Taos A. Only income reported on Form 1099- MISC and Form 1099-K from the ride share company. 10. What income must Ramon report on Schedule C, Profit or Loss From Business? For the purpose of these scenario questions only, ignore the VITA TCE total business expense limitation for Schedule C. B. $22,463 A. SO False 11. What is Ramon's mileage expense deduction (at the standard mileage rate) for his business as a ride share driver? (Round to the nearest dollar.) 12. What is the amount that Ramon can deduct as student loan interest on Form 1040, Schedule 1? 13. Ramon's self employment tax is added to his other taxes on Form 1040, Schedule 2, and one half of the self employment tax is shown as an adjustment to income on Schedule 1. 14. Ramon's Qualified Business Income (QBI) deduction is $0 because he has no taxable income before the QBI deduction. 15. Ramon is too young to qualify for the earned income credit without having a qualifying child. True True

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