What is the reason that some taxpayers are not entitled to the standard deduction or are entitled
Question:
What is the reason that some taxpayers are not entitled to the standard deduction or are entitled to only part of it? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
There are several reasons why some taxpayers are not entitled to the full standard deduction or are ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
Question Posted:
Students also viewed these Business questions
-
The operating system typically provides each process with the illusion that it runs in a contiguous piece of memory. State the problem of external fragmentation in memory where processes have...
-
Read the case study: COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT Common Law and Equity Division 2019/CLE/gen/01037 BETWEEN NIQUEL PINDER 1 st Plaintiff SHARMAINE BARR 2 nd Plaintiff TIFFANY REID...
-
1. Assuming the deathclock.com projection is accurate, Cory is concerned about getting back as much as possible of his Social Security taxes. At what age can he retire and receive full Social...
-
Consider the following types of images: i. Real, inverted and highly diminished image. ii. Real, inverted and enlarged image. iii. Virtual, erect and enlarged image. iv. Virtual, erect and diminished...
-
Mrs. Jackson, a 59-year-old woman, has undergone a left radical mastectomy (removal of the left breast and left axillary lymph nodes and vessels). Her left arm is severely swollen and painful, and...
-
Add or subtract to simplify each radical expression. Assume that all variables represent positive real numbers. 6959-2940q
-
Find the finite difference solution of the problem \[\begin{aligned}& \frac{\partial^{2} u}{\partial x^{2}}=\frac{\partial u}{\partial t} \quad 0 by the explicit method. Plot the solution using...
-
The following are several accounts of the Graf Corporation at the end of 2007: Account Credit Balance Common stock , $10 par ............ $ 47,100 Bonds payable (due 2014) ........... 126,000 Premium...
-
Horton Manufacturing Incorporated produces blinds and other window treatments for residential homes and offices. The owner is concerned about the maintenance costs for the production machinery...
-
Distinguish between compensation and gifts and identify the tax consequence associated with each.
-
How is the manner of citing a Revenue Ruling or a Revenue Procedure affected by the passage of time?
-
For U. S. public corporations, SFAS 123R required expensing of ESOs. However, the exposure draft of this standard met considerable opposition, mostly from large technology companies. These companies...
-
Saudi Arabia says it's 'open' to the idea of trading in currencies besides the US dollar". Please comment on this news and discuss how this news could affect the exchange rate of AUD/USD, the...
-
In this module, we discuss fiscal policy and how it can be implemented in a recessionary gap or inflationary gap. Recently, COVID-19 has resulted in many government officials issuing executive orders...
-
In the life-cycle consumption model a person saves during their middle career working period and dissaves in their earlier career and retirement periods. Can you use a good example to argue this...
-
In a CBA for a new mine proposal, the analyst describes the following for the social cost of carbon: Greenhouse Gas Generation - the mine would generate in the order of 1.4 million tonnes (Mt) of...
-
The financial and economic decisions hospitals face in our current healthcare system.Explain how cost-shifting impacts the flow of hospital monies. Describe "cream skimming" and determine if it is an...
-
Oceanwide Enterprises, Inc., is involved in building and operating cruise ships. Each ship is identified as a separate discrete job in the accounting records. At the end of 2010, Oceanwide correctly...
-
Difference between truncate & delete
-
Fred Miller, a teacher, had several additional sources of income during 2018. He received a \(\$ 500\) gift as a result of his helping a friend build a house, and he was assigned \(\$ 300\) of...
-
Leah Sarah is employed at Cleveland Inc. at an annual salary of \(\$ 45,000\). Leah received \(\$ 35,000\) in salary in 2018 from Cleveland Inc., a prosperous company. They credited the unpaid salary...
-
On January 1,2017 , John made a loan of \(\$ 6,000\) to his neighbor. The loan was evidenced by a written promise to repay the principal within three years and was to bear interest at a rate of \(6...
-
. Privacy Act Disability Act Workplace Health & Safety Act Child Protection Act 1. Is Gabrielle at risk of abuse (if yes what types of abuse)? Justify your response by identifying the indicators of...
-
Define the concept "pay yourself first". With this in mind, what is your advice to someone on paying off credit card debt and investing for their retirement? Do you feel as though they should pay off...
-
At which point will you enter into such forward contracts for hedging purposes? i.e. would be prefer hedging against expected cashflow(before you even sign a contract with any foreign company),...
Study smarter with the SolutionInn App