Determine whether each of the following taxpayers must file a return for 2020: a. Felicia is a
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Determine whether each of the following taxpayers must file a return for 2020:
a. Felicia is a dependent who has wages of $6,350 and interest income of $225.
b. Jason is a dependent who has interest income of $800.
c. Jerry is self-employed. His gross business receipts are $43,000, and business expenses are $40,300. His only other income is $1,200 in interest from municipal bonds.
d. Wayne and Florencia are married and have one dependent child. Wayne stays home and takes care of their child. Florencia’s salary is $23,000.
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Related Book For
Concepts In Federal Taxation 2021
ISBN: 9780357141212
28th Edition
Authors: Kevin E. Murphy, Mark Higgins, Randy Skalberg
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