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Mettiple Choice ( 4 points each 1 6 - 6 4 prowided ALIOCATE, 4 5 MINUTFS FOR THIS SECTION. A 1 . Shan files his
Mettiple Choice points each prowided ALIOCATE, MINUTFS FOR THIS SECTION. A Shan files his tax return days after the due date. Along with the return, he remits a check for $ Which is the balance of the tax owed. Disregarding the interest element, his failure to file and failure to pay penalties are HINT: Don't forget to reduce the failure to file penalty by the failure to pay penalty when performing your calculation.: a Failure to file: $ and Failure to pay: $ b Failure to file: $ and Failure to pay: $ c Failure to file: $ and Failure to pay: $ d Failure to file: $ and Failure to pay: $ and Failure to pay: $ C Christian Gia is years old. He was married; his wife passed away in Christian supports and maintains a household for his dependent child, Mark. In Christian has AGI of $ and itemized deductions of $ Compute his taxable income: a $$ d $$ b $$ e $$$ c $$ Angela, age is claimed as a dependent by her parents. During she had interest income from a bank savings account of $ and earnings from a parttime job of $ The correct calculation of her taxable income is Calculate AGI less Standard Deduction: a $$ b $$ c $$ d $$ e $$ Another term for nontaxable income is: a exemption c exclusion b gross income d AGI Please go through each question, the answers may not be right!!!!
Mettiple Choice points each
prowided ALIOCATE, MINUTFS FOR THIS SECTION.
A
Shan files his tax return days after the due date. Along with the return, he remits a check for $ Which is the balance of the tax owed. Disregarding the interest element, his failure to file and failure to pay penalties are HINT: Don't forget to reduce the failure to file penalty by the failure to pay penalty when performing your calculation.:
a Failure to file: $ and Failure to pay: $
b Failure to file: $ and Failure to pay: $
c Failure to file: $ and Failure to pay: $
d Failure to file: $ and Failure to pay: $
and Failure to pay: $
C
Christian Gia is years old. He was married; his wife passed away in Christian supports and maintains a household for his dependent child, Mark. In Christian has AGI of $ and itemized deductions of $ Compute his taxable income:
a $$
d $$
b $$
e $$$
c $$
Angela, age is claimed as a dependent by her parents. During she had interest income from a bank savings account of $ and earnings from a parttime job of $ The correct calculation of her taxable income is Calculate AGI less Standard Deduction:
a $$
b $$
c $$
d $$
e $$
Another term for nontaxable income is:
a exemption
c exclusion
b gross income
d AGI
Please go through each question, the answers may not be right!!!!
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