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Do not put your name on this test. Your paper will not be graded if you do Part 1 - answer by selecting the best alternative - 80% 1. Minta, a 42-year-old widow, has two daughters who live with her for the entire year. She properly claims both as dependents on her tax return. Minta's husband died last year and she has not remarried. For 2020, Minta has $75,000 of adjusted gross income. The amount Minta may claim as a standard deduction is: $12,400. b. $18,650. $75,000. d. $0. e. None of the above. a. c. 2. Which of the following is not a deduction for AGI on an individual taxpayer's tax return? a. Alimony paid to a former spouse b. Moving expenses Charitable contributions d. Interest paid on a student loan All of the above are deductions for AGI c. e. 3. a. Ann's husband died three years ago. Ann maintains a household where she and her 8-year- old daughter reside for the tax year. On her tax return, she properly claims her daughter as a dependent. For the current year, Ann should file her tax return as: married taxpayer filing separately. b. qualifying widow(er). head of household. d. single individual. none of the above. c. 4. Carol is 20 years old and single. Her parents properly claim her as a dependent on their joint tax return. During 2020, Carol had the following income and expense items: $3,000 Wages from a part-time summer job Interest income from her own savings account 2,500 800 State and local income taxes paid State and local sales tax paid 200 Carol's 2020 taxable income is: $0. b. $2,150. $4,450, d. $1,950 $1,750 C. e. 5. Ted and Sharon Miner (ages 66 and 63, respectively) file a joint tax return and claim the standard deduction. Sharon is legally blind; Ted's vision is perfect. The Miners fully support Arthur, their 45-year-old unmarried son. Arthur's gross income for the current year is $1,300. The amount that the Miners may claim as a standard deduction for 2020 is: $27,400. b. $14,350. $15,600. d. $25,700. $24,800. a. c. e. 6. a. Bliss, age 24, is single and has adjusted gross income of $32,400. She has $3,500 of itemized deductions. What is her 2020 taxable income? $24,450 b. $28,500 $20,000 d. $25,650 $27,950 c. e. 7. a Dorsey and Thelma Packard (ages 42 and 45) file a joint return. They claim Dorsey's blind mother (age 67) as a dependent. The Packards' 2020 standard deduction is: $ 28,100. b. $24,800. $ 26,100. d. $ 26,450. $16,200. c. e. www DAN $132.00 10 Fortune od 2300 2012 1 5. 52 $2.000 1 34, 12A wewe jodi 2020. He can $61.400 the fir 579,700 the secondo Each employer with the act TCA WAS Medical The OANDI WA 2120 h d. SH $719 so . 100 31.0 C These NORW The data wewe Allah 15 16. est with a hand the 544153 54.350 351 35 35.5 55.250.30 son The post forgonetas con Soment de Saluthern, of the dreach with woment. wp to a me posily Che dead that their 3576 d 5% of the most das Streach the fraction of meet the man is om up to 25% penalty None of the 17. Employers withhold old age. There (OAST up the amount of modern social security was in There is no $200,000 $250.000 $225.000 c. $137,700 18. An unmarried employee's Medicare wages for the year we $270,000 Gill from a. b employer). The amount of the employees Medicament with Medicare un $2,900 and $2,900, respectively $2,900 and $3915. respectively $3.915 and 53,915, respectively d. $4,545 and 54,545, respectively 54.545 und 53,915, respectively, e. a. 19. On August 17, 2020, a monthly depositot notices a shortfall of VICA teses. The employer must deposit the shortfall by The first Wednesday or Friday after September 14, 2000, b. September 15, 2020 c. August 31, 2020 d. The next business day. October 31, 2020 20. Bill died on February 5, 2018. His wife, Bonnie, and their 20-year-old son, Bob, survive. In 2020, Bob attends college part-time. His taxable wages are 54,500 and he lives with bin mother the entire year. Bonnie pays all of the household costs. What is Bonnie's filing status for 2020? a. Single b. Qualifying widower) Married, filing jointly d. Head of household e. None of the above c. a c 21. Which of the following person does not pass the relationship test for a qualifying child? The taxpayer's brother b. The taxpayer's niece The taxpayer's daughter-in-law d. Neither b. nore.passes the relationship test for a qualifying child None of the above passes the relationship test for a qualifying child 22. Which of the following person does not pass the relationship test for a qualifying relative? The taxpayer's stepmother b. The taxpayer's father-in-law The taxpayer's former son-in-law d. The taxpayer's uncle by blood e. All of the above pass the relationship test for a qualifying relative c. Do not put your name on this test. Your paper will not be graded if you do Part 1 - answer by selecting the best alternative - 80% 1. Minta, a 42-year-old widow, has two daughters who live with her for the entire year. She properly claims both as dependents on her tax return. Minta's husband died last year and she has not remarried. For 2020, Minta has $75,000 of adjusted gross income. The amount Minta may claim as a standard deduction is: $12,400. b. $18,650. $75,000. d. $0. e. None of the above. a. c. 2. Which of the following is not a deduction for AGI on an individual taxpayer's tax return? a. Alimony paid to a former spouse b. Moving expenses Charitable contributions d. Interest paid on a student loan All of the above are deductions for AGI c. e. 3. a. Ann's husband died three years ago. Ann maintains a household where she and her 8-year- old daughter reside for the tax year. On her tax return, she properly claims her daughter as a dependent. For the current year, Ann should file her tax return as: married taxpayer filing separately. b. qualifying widow(er). head of household. d. single individual. none of the above. c. 4. Carol is 20 years old and single. Her parents properly claim her as a dependent on their joint tax return. During 2020, Carol had the following income and expense items: $3,000 Wages from a part-time summer job Interest income from her own savings account 2,500 800 State and local income taxes paid State and local sales tax paid 200 Carol's 2020 taxable income is: $0. b. $2,150. $4,450, d. $1,950 $1,750 C. e. 5. Ted and Sharon Miner (ages 66 and 63, respectively) file a joint tax return and claim the standard deduction. Sharon is legally blind; Ted's vision is perfect. The Miners fully support Arthur, their 45-year-old unmarried son. Arthur's gross income for the current year is $1,300. The amount that the Miners may claim as a standard deduction for 2020 is: $27,400. b. $14,350. $15,600. d. $25,700. $24,800. a. c. e. 6. a. Bliss, age 24, is single and has adjusted gross income of $32,400. She has $3,500 of itemized deductions. What is her 2020 taxable income? $24,450 b. $28,500 $20,000 d. $25,650 $27,950 c. e. 7. a Dorsey and Thelma Packard (ages 42 and 45) file a joint return. They claim Dorsey's blind mother (age 67) as a dependent. The Packards' 2020 standard deduction is: $ 28,100. b. $24,800. $ 26,100. d. $ 26,450. $16,200. c. e. www DAN $132.00 10 Fortune od 2300 2012 1 5. 52 $2.000 1 34, 12A wewe jodi 2020. He can $61.400 the fir 579,700 the secondo Each employer with the act TCA WAS Medical The OANDI WA 2120 h d. SH $719 so . 100 31.0 C These NORW The data wewe Allah 15 16. est with a hand the 544153 54.350 351 35 35.5 55.250.30 son The post forgonetas con Soment de Saluthern, of the dreach with woment. wp to a me posily Che dead that their 3576 d 5% of the most das Streach the fraction of meet the man is om up to 25% penalty None of the 17. Employers withhold old age. There (OAST up the amount of modern social security was in There is no $200,000 $250.000 $225.000 c. $137,700 18. An unmarried employee's Medicare wages for the year we $270,000 Gill from a. b employer). The amount of the employees Medicament with Medicare un $2,900 and $2,900, respectively $2,900 and $3915. respectively $3.915 and 53,915, respectively d. $4,545 and 54,545, respectively 54.545 und 53,915, respectively, e. a. 19. On August 17, 2020, a monthly depositot notices a shortfall of VICA teses. The employer must deposit the shortfall by The first Wednesday or Friday after September 14, 2000, b. September 15, 2020 c. August 31, 2020 d. The next business day. October 31, 2020 20. Bill died on February 5, 2018. His wife, Bonnie, and their 20-year-old son, Bob, survive. In 2020, Bob attends college part-time. His taxable wages are 54,500 and he lives with bin mother the entire year. Bonnie pays all of the household costs. What is Bonnie's filing status for 2020? a. Single b. Qualifying widower) Married, filing jointly d. Head of household e. None of the above c. a c 21. Which of the following person does not pass the relationship test for a qualifying child? The taxpayer's brother b. The taxpayer's niece The taxpayer's daughter-in-law d. Neither b. nore.passes the relationship test for a qualifying child None of the above passes the relationship test for a qualifying child 22. Which of the following person does not pass the relationship test for a qualifying relative? The taxpayer's stepmother b. The taxpayer's father-in-law The taxpayer's former son-in-law d. The taxpayer's uncle by blood e. All of the above pass the relationship test for a qualifying relative c

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