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Question #1 Milo is required to file a federal tax return? a) True or b) Fales Read scenario: Aurora and Oscar separated in 2017 and
Question #1 Milo is required to file a federal tax return?
a) True or b) Fales
Read scenario:
- Aurora and Oscar separated in 2017 and divorced in October 2019. She earned $40,000 in wages and paid more than half the cost of keeping up her home in 2019.
- Aurora and Oscar have a son, Milo, who is 17 years old and unmarried.
- Aurora signed Form 8332 (Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent) allowing Oscar to claim Milo in 2019.
- Milo is a full-time student working towards a degree in computer information systems. Milo lived on campus during the school year and spent the summer at home with his mother.
- Milo does not a have a felony drug conviction and is not a qualifying child for anyone except Aurora.
- Aurora paid $5,000 of Milo's tuition that was not covered by his scholarship.
- Aurora provided more than half of her son's support and all the cost of his room and board on campus.
- Milo's only income was $3,800 in wages and $400 of dividend income. He had no federal or state tax withholding.
- Aurora and Milo are U.S. citizens and have valid Social Security numbers
Question #2 What is the most advantageous filing status allowable for Aurora?
a. Single
b. Married Filing Separately
c. Married Filing Jointly
d. Head of Household
Question #3 Milo is a qualifying person for Oscar to claim head of household filing status, credit for other dependents, and the earned income credit
a) True or b)False
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