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1:2-41 1:2-42 1:2-43 support. b. What advice can you provide regarding tax rate schedules? provide them regarding the child tax credit? Marriage and Taxes. Bill and Mary plan to marry in December 2020. Bill's salary is $105,000 and he owns his residence. His itemized deductions total $19,000. Mary's salary is $86,000. Her itemized deductions total only $8,100 as she does not own her residence. a. What will their 2020 tax be if they marry before year-end and file a joint return? b. What will their combined 2020 taxes be if they delay the marriage until 2021? c. What factors contribute to the difference in taxes? Filing Requirement. Which of the following taxpayers must file a 2020 return? a. Amy, age 19 and single, has $8,050 of wages, $800 of interest, and $350 of self- employment income. b. Betty, age 67 and single, has a taxable pension of $9,100 and Social Security benefits of $6,200 (the Social Security benefits are wholly tax-exempt in this situation). c. Chris, age 15 and single, is a dependent of his parents. Chris has earned income of $1,900 and interest of $400. d. Dawn, age 15 and single, is a dependent of her parents. She has earned income of $400 and interest of $1,600. e. Doug, age 25, and his wife are separated. He earned $5,000 while attending school during the year. Head of Household. In the following situations, indicate whether the taxpayer qualifies as a head of household. a. Allen is divorced from his wife. He maintains a household for himself and his depen- dent mother. b. Beth is divorced from her husband. She maintains a home for herself and supports an elderly aunt who lives in a retirement home. c. Cindy was widowed last year. She maintains a household for herself and her dependent daughter, who lived with her during the year. d. Dick is not divorced, but lived apart from his wife for the entire year. He maintains a household for himself and his dependent daughter. He does not receive any financial support from his wife. Filing Status. For the following independent situations, determine the filing status for the years in question. a. Wayne and Celia had been married for 24 years before Wayne died in an accident in 2018. Celia and her son, Wally, age 21 in 2018, continued to live at home in 2018, 2019, 2020, and 2021. Wally worked part-time (earning $5,000 in each of the four years) and attended the university on a part-time basis. Celia provided more than 50% of Wally's support for all four years. What is Celia's filing status for 2018, 2019, 2020, and 2021? b. Juanita is a single parent who maintained a household for her unmarried son Josh, age 19. Josh worked full-time and earned $16,000. Juanita provided approximately 40% of Josh's support but provided all the expenses of maintaining the household. What is Juanita's filing status? c. Gomer and Gertrude are married and have one dependent son. In April, Gomer left Gertrude a note informing her that he needed his freedom and he was leaving her. As of December, Gertrude had not seen nor heard a word from Gomer since April. Gertrude fully supported her son and completely maintained the household. What is Gertrude's filing status assuming she was still legally married? 1:2-44