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Which of the following is not a goal of the income tax system? a. All of the above are goals of the income tax system

Which of the following is not a goal of the income tax system?

a.

All of the above are goals of the income tax system

b.

Raising revenues to operate government

c.

Providing incentives for certain business and economic goals, such as higher employment rates, through business-favorable tax provisions

d.

Providing incentives for certain social goals, such as charitable giving, by allowing tax deductions, exclusions, or credits for selected activities

Which of the following taxpayers are required to file a return in 2020.

a.

None of the above

b.

Juan a taxpayer of 45 years old, single with income of $12,300

c.

Jose is a college student with a salary from part-time job of $6,500. He is claimed as dependent by her parents

d.

Frank (67 age) and Ann (64) married, have an income of $25,000 and file a joint return

A taxpayer who is self-employment must be file tax return if their net earnings are:

a.

$24,400

b.

$400

c.

$100

d.

$12,200

Andrea is a single taxpayers for the year 2019, she has a standard deduction of:

a.

$18,350

b.

$6,100

c.

$12,400

d.

$12,150

Robert age 69, and Diana age 67 and blind, are married and filing as married filing jointly. Their standard deduction for year 2019 is:

a.

$27,700

b.

$24,800

c.

$28,700

d.

$27,400

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