Question
For each of the following, determine if each is a tax and why or why not A. $2.50 toll paid on Florida Turnpike B. $300
For each of the following, determine if each is a tax and why or why not
A. $2.50 toll paid on Florida Turnpike B. $300 ticket for reckless driving C. 1% local surcharge on hotel rooms to fund public roadways D. 2% city surcharge on wages earned in the city of Philadelphia
All of the following are tests for determining qualifying relative status except____? A. Relationship test B. Gross Income Test C. Support Test D. Residence Test
earl and lawanda jackson have been married for 15 years. They have no children. Ned, who is an old friend from high school, has been living with jacksons during the current year. Which of the following is a true statement regarding whether the jacksons can claim a dependency exemption for Ned in the current year?
A. If Ned moved into the Jackson's home in June and he lived there for the remainder of the year, he may qualify as the jackson's qualifying relative. B. Assume that Ned originally moved into the Jackson's home two years ago and he has lived there ever since. If, this year Ned earned $3,000 at a part time job and he received $5,000 in municipal bond interest, he may qualifyi as the jackson's dependent as long as the jackson's provided more than half his support C. If Ned lived in the Jackson's home for the entire year, he will qualify as their dependent no matter who provided his support D. If Ned is over 19 or he is not a full-time student, he cannot qualify as the Jackson's dependent.
In June of the year, Edgar's wife Cathy died and Edgar did not remarry during the year. What is his filing status for year 1 (assuming they did not have any dependents)?
A. Married filing jointly B. Single C. Qualifying Widower D. Head of Household
In June of the year 1, Eric's wife savannah died. Eric did not remarry during year 1, year 2, or year 3. Eric maintains the household for his dependent daughter Catherine in year 1, year 2 and year 3. Which is the most advantageous filing status for Eric in year 2?
A. Head of household B. Qualifying Widower C. Single D. Married filing seperately
In April of year 1, Martin left his wife Mariane. While the couple was apart, they were not legally divorced. Marianne found herself having to financially provide for the couple's only child (who qualifies as Marianne's dependent) and to pay all the costs of maintaining the household. When Marianne filed her tax return for year 1, she filed a return seperate from martin. What is Marianne's most favorable filing status for year 1?
A. Married filing seperately B. Single C. Head of household D. Qualifying Widow
In April of year 1, Martin left his wife Mariane. The couple has two children under the age of 15. While the couple was apart, they were not legally divoriced. Marianne remained in the home and paid all the costs of maintaining the home for the remainder of the year. Assuming the couple does not file jointly, which of the following statements regarding filing status is true?
A. No matter the post seperation residence of the children, both spouces must file as a married filing seperately B. No matter the post separation residence of the children, Martin must file as married filing seperately but marianne may qualify to file as head of household C. No matter the post separation residence of the children, Marianne must file as a married filing separately but Marin may qualify to file as head of household D. Depending on the post separation residence of the children, both spouces may qualify to file as head of household.
Greg is single. during 2013, he received 60,000 of salary from his employer.That was his only source of income. He reported $3,000 of for AGI deductions, 7,000 of itemized deductions. The 2013 standard deduction amount of a single taxpayer is $6,100 and the 2012 exemption amount is $3900. What is greg's taxable income?
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