Question
Subject Tax Accounting. For the following taxpayers indicate wheter the taxpayer should file a tax return and why a. Robert earned $50.000 this year as
Subject Tax Accounting.
For the following taxpayers indicate wheter the taxpayer should file a tax return and why
a. Robert earned $50.000 this year as a staff accountant. His estimated tax liability is $ 4,500 and he expects to receive a $500 tax refund.
b- Amy earned $4000 this year working part-time. She will have no federal tax liability and has not made any federal tax payments.
c- Ty earned $ 2,500 this summer and had $200 of federal taxes withheld from his paycheck. He will have no federal tax liability this year.
d- Starup Corporation had a $50,000 loss this year.
e- The walker family Trust earned $500 of gross income this year.
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