Question
Which of the following is not considered support for the dependent support test? Clothing Rent value of lodging Value of services rendered by the taxpayer
Which of the following is not considered support for the dependent support test?
Clothing
Rent value of lodging
Value of services rendered by the taxpayer for the dependent
Food
Married couples will normally file jointly. Identify a situation where a married couple may prefer to file seperatly.
The spouse with lower income has substantial medical expenses
One spouse could be held responsible for the entire tax liability
A couple is separated and contemplating divorce
All of the above
A single taxpayer provided the following information for the year 2014:
Salary $80,000
Interest on local government bonds (qualified as a tax exclusion)$4000
Allowable itemized deductions 13,000
What is the taxable income? 63,050 67,050,- 63,000- 57050
A married couple in the top tax bracket has a new baby. Due to the birth of the baby their taxable income will be reduced in 2014 by 3,950.
True
False
The Sixteenth Amendment permits the passage of a federal income tax
True
False
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