Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In which of the following situations, if any, will the kiddie tax not apply? Oa. The child has unearned income of $2,200 or less. Ob.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
In which of the following situations, if any, will the kiddie tax not apply? Oa. The child has unearned income of $2,200 or less. Ob. The child is married but does not file a joint return. Oc. The child is under age 24 and a full-time student Od. The child has unearned income that exceeds more than half of his or her) support. The Hutters filed a joint return for 2020. They provide more than 50% of the support of Carla, Ellie, and Aaron Carta (age 18) is a cousin and earns $2,800 from a part-time job. Ellie (age 25) is their daughter and is a full-time law student. She received a $7.500 scholarship for tuition from her law school Aaron is a brother who is a ctizen of Israel but resides in France. Carta and Elie live with the Hutters. How many dependents can the Hutters calm? Os None Ob, ose O The Od. Twe Millie, age 80, is supported during the current year as follows: Percent of Support Weston (a son) 20% Faith (a daughter 35% Jake (a cousin) 25% Brayden (unrelated close family friend) 20% During the year, Mille lives in an assisted living facility. Under a multiple support agreement, indicate which parties can quality to claim Millie as a dependent Oa. Weston. Faith. Jake and trayden Ob Faith Oc Faith. Jake, and Brayden Od. Weston and Faith Ayla, age 17, is claimed by her parents as a dependent. During 2020, she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200. Ayla's taxable income is: Oa. $6.200-34.550 = $1.650 OD $6.200 - $1.000 - $5.300 Oc. 55,200 - $5.700 - $500. Od $4200 - $550 - 50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2022

Authors: Bernard J. Bieg, Judith A. Toland

32nd Edition

0357518756, 9780357518755

More Books

Students also viewed these Accounting questions

Question

What is the purpose of systems analysis? Why is it important?

Answered: 1 week ago

Question

What should Belindas and Marcus next steps be?

Answered: 1 week ago