Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mrs. Vanessa Vick, a 40-year-old, cash-basis taxpayer, earned $45,000 as a private school teacher and $5,000 as a part-time real estate agent in 2022. Mr.

Mrs. Vanessa Vick, a 40-year-old, cash-basis taxpayer, earned $45,000 as a private school teacher and $5,000 as a part-time real estate agent in 2022. Mr. Victor Vick, who died on July 1, 2022, had been permanently disabled on his job and collected state disability benefits until his death. For all of 2022 and 2023, the Vicks' residence was the principal home of both Mr. Vick's 11-year-old daughter, Victoria, and Mrs. Vick's unmarried cousin, Veranda Vascusio, who had no income in either year. During 2022, Victoria received $200 a month in survivor Social Security benefits that began on August 1, 2022, and will continue until her 18th birthday. In 2022 and 2023, Mrs. Vick provided over one-half the support for Victoria and Veranda, both of whom were U.S. citizens. Mrs. Vick did not remarry. Select from the option list provided the proper filing status and dependent status for each of the criteria below. Each choice may be used once, more than once, or not at all.

Criteria Filing Status Dependent Status
1. The filing status and the number of dependents that Mrs. Vick can claim on the 2022 federal income tax return to get the most favorable tax results.
2. The filing status and the number of dependents that Mrs. Vick can claim on the 2023 federal income tax return to get the most favorable tax results, if she solely maintains the costs of her home.

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

Health And Safety Environment And Quality Audits A Risk Based Approach

Authors: Stephen Asbury

4th Edition

1032427574, 978-1032427577

More Books

Students also viewed these Accounting questions

Question

=+(18.17) [ G(n)fn=F(x)G(x)-["F(t)8(t)dt ROEnEX

Answered: 1 week ago