Question
I NEED HELP WITH THE QUESTIONS BELOW, PLEASE! 48. Jeff and Riley were married for 35 years when Riley died in July of 2016. The
I NEED HELP WITH THE QUESTIONS BELOW, PLEASE!
48. Jeff and Riley were married for 35 years when Riley died in July of 2016. The couple have two children who are 6 and 10 years old. Which of the following applies to Jeff regarding filing status?
a) Jeff can file using any status he wants for the next 3 years
b) Since Jeffs spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2017 and 2018
c) Since Jeffs spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2016 only
d) Since Jeffs spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2017 only
65) Lisa and her 2-year-old daughter, Courtney, lived with Lisas mother all year. Lisa is 25 years old and unmarried. Her mother's AGI is $18,000. Courtney's father did not live with Lisa or her daughter and she has not signed Form 8832 (or a similar statement) to release the child's exemption to the noncustodial parent. If Lisa does not claim Courtney as a qualifying child, her mother can treat her as a qualifying child to claim certain tax benefits unless Lisa has an adjusted gross income (AGI) of what amount?
a) $5,000 b) $7,500 c) $10,000 d) $20,000
69) Terry, age 67, and his wife, Diana, age 61, are planning to file a joint return for 2016. Neither is blind nor can be claimed as a dependent. If they do not itemize deductions their standard deduction is what amount?
a) $9,100 b) $12,60 c) $13,850 d) $14,800
70. What is the amount of the 2016 standard deduction for a head of household taxpayer, who is 72 years old and completely blind? a) $12,400 b) $12,600 c) $13,600 d) $14,800
73. Michael is single. His parents can claim an exemption for him on their 2016 tax return. He has interest income of $780 and wages of $150. He has no itemized deductions. What is Michaels standard deduction?
a) $150 b) $350 c) $500 d) $1,050
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