Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ling Requirements Question 40 of 75. Patricia's husband passed away in 2018. She has a qualifying child (age 5) and has not remarried. The most

image text in transcribed
image text in transcribed
ling Requirements Question 40 of 75. Patricia's husband passed away in 2018. She has a qualifying child (age 5) and has not remarried. The most advantageous fling statuses available to Patricia for 2018-2020, provided she does not remarry, are O 2018- qualifying widow, 2019-qualitying widow, 2020- qualifying widow 2018-married fling jointly, 2019-qualifying widow, 2020-quailifying widow O 2018 - married fling jointly. 2019-married filing jointly. 2020-single. O 2018-married fling jointly, 2019 married filing jointly, 2020-maried filing jointly. Mark for follow up Question 41 of 75. All of the following individuals are U.S. residents: Kelly (27), her daughter Sydnee (4), and Kelly's mother, June (50). Al three lived together until the end of March, when Kelly moved out. Then, in November, Kelly married Austin (29), and Sydnee moved in with Kelly and Austin, who are filing a joint return. Sydnee does not pay over half the cost of her own support. If both households try to claim Sydnee, who is entitied to do so? O The household with the higher adjusted gross income (AGI). O Neither household. O Kelly and Austin. O June. Mark for follow up Question 42 of 75 Andrew (39) and Lacy (40) are married, and both are the parents of Zach (9). They all lived together until Lacy moved out on September 25. Zach stayed in the home with Andrew. Lacy earned $42,000 during the year, and Andrew earned $33,000. Andrew and Lacy file separate returns. All are U.S. citizens, and all of Zach's support is provided by both of his parents. If each one tries to claim Zach as a dependent, who is entitled to do so? O Not enough information is given to make this determination. ONeither, since they each have to fil married fling separately (MFS) O Lacy O Andrew Mark for follow up Question 43 of 75. Review each of the following scenarios. The first individual mentioned is the primary taxpayer. Assume this person is a U.S. citizen and not a dependent of anyone else. Then, given the information provided, select the response that describes a taxpayer who may file as head of household. O Clint lived with his wife, Mary, and his 17-year-old stepson, Brad, for the first five months of the year. During that time, Clint paid more than 50% of the costs of supporting the household. In May 2018, the couple dvorced, and Mary and Brad moved out Question 44 of 75, Barb (3 is divorced from Dan (40). They are the parents of Boyd (12). Boy of maintaining the home. The divorce decree gives Dan the unconditional right to claim the cos d lives with his mother, Barb, who pays over hall mption for Boyd. Boyd meets all of the tests for dependency for Barb as a qualifying child. Barb's filing status is O Head of household O Married filing jointy O Married filing separately O Single dependency fying child. Barb's most advantageous Mark for follow up Question 45 of 75 Which of the following is CORRECT regarding the tiebreaker rules for a qualifying child? 0 If neither claimant is a parent, the one who lived with the child longer has the higher right. O The parent who has the higher adjusted gross income (AGI) has the higher right, regardless of which parent the child lived wit longer The parent who lived The with the child longer has the higher right, regardless of adjusted gross income (AGID. child parent who provided more support for the child has the higher right, regardless of adjusted gross income (AG). Mark for follow up Question 46 of 75 Deborah's spouse died in 2018. She does not have a qualifying child. Her fling status option for that year is O Married filing jointly or married fling separately Qualifying widow O Single. O Head of household Mark for follow up Question 47 of 75 o claim the filing status of head of household, a taxpayer must Have a dependent who pays less than half of their own support. Be single according to the laws of the state of residence Pay over halif the cost of maintaining the household for themselves and a qualifying person. Live in the U.S. more than half the year Mark for follow up

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

Knowledge Assets And Knowledge Audits Working Methods For Knowledge Management

Authors: Pawan Handa, Jean Pagani, Denise Bedford

1st Edition

1789737745, 978-1789737745

More Books

Students also viewed these Accounting questions

Question

demonstrate the importance of induction training.

Answered: 1 week ago