Question
compute the taxable income for 2015 under each of the following circumstances: a.jim is married and files a joint return. jim and his wife have
compute the taxable income for 2015 under each of the following circumstances:
a.jim is married and files a joint return. jim and his wife have two dependent children. They have adjusted gross income of $30,000 and itemized deductions of $12,300.
b.jim is single with no dependents. his adjusted gross income is $20,000 with itemized deductions of $3,800.
c. jim is full time college student under 24 supported by his father. jim earned 2600 from his part time job and had $500 of interest income.His itemized deductions were $600.
d. jim is married but files separately and claims two dependent children . His adjusted gross income is $65,000 and he claims $8900 of itemized deductions. jim,s wife also itemizes on her return.
e. assume the same situation as in (d), but jim's itemized deductions are only $1500.
42) Myrtle is fully supported by her three children and Fred, a close friend of the family. Mark paid $4,000 toward Myrtle's support, while Nancy, Opel, and Fred paid $3,200, $ 800, and $2,000 respectively. Which individual are eligible to claim Myrtle under a Multiple support agreement?
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