federal income taxation accounting 360

Styles Editing Voi PROBLEM THREE (10 pts. total) PART A (4 pts.) Steve died in 2019 and is survived by his wife, Marsha, and their 18-year-old daughter, Amanda (birthday of December 1, 2001). Marsha is the executix of Steve's estate and maintains a household in which she and Amanda live. Marsha furnishes all of their support (for her and Amanda) and Amanda saves her earnings. Amanda's earnings and student status are as follows: Year Earnings Student Status 2019 $4,500 Full-time (for spring and summer semesters) 2020 $9,000 Not enrolled in any educational institution for entire year 2021 $5,000 Full-time (for summer and fall semesters) 2022 $3,500 Not enrolled in any educational institution for the entire year Given the provided information, please indicate Marsha's filing status for 2019, 2020, 2021, and 2022. Please also indicate why you selected the following filing statuses for Marsha in each year. PART B (2 pts.) Now assume that Marsha claims her cousin, Amber, as her dependent in 2023 (Amanda is no longer her dependent). Would Marsha be legally permitted to claim the dependency under any circumstance? Assuming Marsha could claim her as a dependent, how would this impact Marsha's filing status for 2023? PART C (2 pts.) Now assume that Amber's income in 2023 consists of $3,200 that she earns from a part-time job and $500 of interest from a savings account. She is also age 67 and blind. What is Amber's standard deduction in 2023 when completing her tax return? PART D (2 pts.) Assume that Marsha's brother Tom was abandoned by his wife in 2021. In 2022, Tom maintains a home that he and his 26-year-old daughter (who is his qualified relative dependent) live in for all of 2022. He is still legally married at the end of 2022. What is Tom's filing status in 2022? D. Focus BE