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i need it asap pleaseee ill give thumbs up thank you 1. Explain the 5 filing statuses and their requirements? 2. Explain the difference between
i need it asap pleaseee ill give thumbs up thank you
1. Explain the 5 filing statuses and their requirements? 2. Explain the difference between a tax deduction and a tax credit. 3. Explain the difference between deductions "FOR AGI" and \}FROM AGI". 4. Explain the requirements to claim someone as a dependent. 5. Explain the difference between a qualifying child and a qualifying relative. 6. Explain the kiddie tax. 7. Explain the differences between a couple filing jointly v. separately. What changes? What doesn't? 8. Explain Multiple Support Agreements. Who do they apply to? If/Who gets to claim the exemption? 9. Explain Medicare Surtaxes. When does it happen? What is the amount? Who has to pay the surtax? 10. Explain Net Investment Income tax. Who does/does not this apply to? 11. Explain the requirements when someone hires a household employee? When would withholding taxes be required? When would the employer e responsible for unemployment taxes (state and federal)? What about an agricultural employee? 12. Explain why would someone who isn't required to file a tax return would do so Step by Step Solution
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