A single taxpayer is 26 years old and has wages of $18,000 and interest income of $450.
Question:
A single taxpayer is 26 years old and has wages of $18,000 and interest income of $450. Which is the simplest tax form this person can file?
a. 1040.
b. 1040EZ.
c. 1040A.
d. 1040Z.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
Question Posted:
Students also viewed these Business questions
-
Alex is 31 years old and has lived in Los Alamos, New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANL).LANL provides employees with a 401(k) plan and for...
-
Alex is 31 years old and has lived in Los Alamos, New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANL). LANL provides employees with a 401(k) plan and for...
-
Multiple Choice Questions 1. A single taxpayer is 27 years old and has wages of $17,000 and interest income of $450. Which is the simplest tax form this person can file? a. 1040. b. 1040EZ. c. 1040A....
-
Discuss the impact of commissions in organizations growth?
-
Will each of the following increase, decrease, or have no effect on the precision of a confidence interval? (a) The sample size is increased. (b) The level of confidence is decreased. (c) The...
-
Use the frequency histogram to (a) Determine the number of classes. (b) Estimate the greatest and least frequencies. (c) Determine the class width. (d) Describe any patterns with the data. Roller...
-
The axial-flow pump shown in Fig. 12.19 is designed to move \(5000 \mathrm{gal} / \mathrm{min}\) of water over a head rise of \(5 \mathrm{ft}\) of water. Estimate the motor power requirement and the...
-
Transit Airlines provides regional jet service in the Mid-South. The following is information on liabilities of Transit at December 31, 2011. Transit's fiscal year ends on December 31. Its annual...
-
What are the environmental and safety considerations associated with the use of toxic or hazardous solvents in extraction processes, and how have green extraction techniques been developed to address...
-
Journalize and post the entries required by the following transactions for Francisco Furniture Repair Company. Prepare a trial balance as of April 30, 20X0, for the period April 1 to April 30, 20X0....
-
Charles and Joan Thompson file a joint return. In 2016, they had taxable income of $92,370 and paid tax of $14,636. Charles is an advertising executive and Joan is a college professor. During the...
-
Payment of alimony by the taxpayer is a for AGI deduction. Which form can the taxpayer use to claim this benefit? a. Either 1040 or 1040A. b. 1040. c. 1040A. d. None of the above.
-
While planning an assurance engagement, the internal auditor obtains knowledge about the auditees operations to, among other things: a. Develop an attitude of professional skepticism concerning...
-
The project I will be talking about was a marketing initiative to gain more customers for our checking and savings accounts at a local bank I worked at. There was several of us that made up the team,...
-
4. a) Consider the following set of facts: 1. X is a student. 2. X studies in CSE department. 3. X has passed HSC in the year 2016. 4. Passing year is session. 5. The students of 2016 session of CSE...
-
1) Build a Turing Machine that multiplies two integers. Explain the logic behind your design shortly. An example initial and final configuration is given below. Initial configuration:aaaaabbAAA.......
-
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct...
-
Hofstede's 5 value systems: how can you use each of them to help you market a product? Individualism vs collectivism Power distance low to high Risk taking vs uncertainty avoidance. Masculinity vs...
-
Exercise 3.36 tells us that 181 of the 273 inductees to the Rock and Roll Hall of Fame have been performers. The data are given in Rock and Roll. Using all inductees as your population: (a) Use...
-
In order to get an idea on current buying trends, a real estate agent collects data on 10 recent house sales in the area. Specifically, she notes the number of bedrooms in each house as follows: a....
-
In 2018 Ann received 1,000 shares of stock as a gift from her husband, Tim, who purchased them in 2009. At the time of the gift, the FMV of the stock was $29,300 and Tims basis was $31,000. If Ann...
-
Umair sold some equipment he used in his business on August 29, 2018, that was originally purchased for $65,000 on November 21, 2017. The equipment was depreciated using the 7-year MACRS method for a...
-
Haneen has taxable income of $115,000 without consideration of capital gain or loss transactions. She has a short-term capital gain of $18,000, a long-term capital loss of $10,000, and a short-term...
-
A 0.012-kg bullet, traveling at 850 m/s, hits a 2-kg block of wood that is initially at rest, and goes straight through it. Assume that the final velocity of the bullet relative to the block is 400...
-
Assume that Iowa Co. will receive 1,200,000 Mexican pesos in 180 days. The Mexican interest rate is 3% over 180 days and the US rate is 2% over the same period. The spot rate for the Mexican peso is...
-
After watching the video from "The Big Bang Theory, describe what was occurring in the scene. What types of listening were demonstrated. How could this conversation be improved so that both parties...
Study smarter with the SolutionInn App