Drew and Meg ages 40 and 41 respectively are married and file a joint return. In addition to four dependent children they have AGI of $65000 and itemized deductions of $15000.b. Sybil age 40 is single and supports her dependent parents who live with her. Sybil also supports her grandfather who lives in a nursing home. She has AGI of $80000 and itemized deductions of $8000.c. Scott age 49 is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $58000 and itemized deductions of $9500.d. Amelia age 33 is an abandoned spouse and maintains a house hold for her three dependent children. She has AGI of $58000 and itemized deductions of $9500.e. Dale age 42 is divorced but maintains the home in which he and his daughter Jill live. Jill is single and qualifies as Dales dependent. Dale has AGI of $64000 and itemized deductions of $9900.45. Which of the following individuals are required to file a 2014 Federal income tax return? Should any of these individuals file a return even if filing is not required? Why or why not?.
Drew and Meg, ages 40 and 41 respectively, are married and file a joint return. In addition to four dependent children, they have AGI of $65,000 and itemized deductions of $15,000.
b. Sybil, age 40, is single and supports her dependent parents, who live with her. Sybil also supports her grandfather, who lives in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000.
c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $58,000 and itemized deductions of $9,500.
d. Amelia, age 33, is an abandoned spouse and maintains a house hold for her three dependent children. She has AGI of $58,000 and itemized deductions of $9,500.
e. Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live. Jill is single and qualifies as Dales dependent. Dale has AGI of $64,000 and itemized deductions of $9,900.
45. Which of the following individuals are required to file a 2014 Federal income tax return? Should any of these individuals file a return even if filing is not required? Why or why not?
Drew and Meg, ages 40 and 41 respectively, are married and file a joint return. In addition to four dependent children, they have AGI of $65,000 and itemized deductions of $15,000.
b. Sybil, age 40, is single and supports her dependent parents, who live with her. Sybil also supports her grandfather, who lives in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000.
c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $58,000 and itemized deductions of $9,500.
d. Amelia, age 33, is an abandoned spouse and maintains a house hold for her three dependent children. She has AGI of $58,000 and itemized deductions of $9,500.
e. Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live. Jill is single and qualifies as Dales dependent. Dale has AGI of $64,000 and itemized deductions of $9,900.
45. Which of the following individuals are required to file a 2014 Federal income tax return? Should any of these individuals file a return even if filing is not required? Why or why not?
a. Patricia, age 19, is a self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amounted to $4,900.
b. Mike is single and is 67 years old. His gross income from wages was $10,800.
c. Ronald is a dependent child under age 19 who received $6,500 in wages from a part-time job.
d. Sam is married and files a joint return with his spouse, Lana. Both Sam and Lana are 67 years old. Their combined gross income was $22,750.
e. Quinn, age 20, is a full-time college student who is claimed as a dependent by his parents. Quinn reports taxable interest and dividends of $2,500.