Question: Jake ( 2 5 ) is single and has been a resident of Mississippi since he entered the U . S . Navy. He does

Jake (25) is single and has been a resident of Mississippi since he entered the U.S. Navy. He does not have any dependents. In 2023, he earned $3,886 while stationed in Great Lakes, Illinois. For the remainder of the year, he was aboard the U.S.S. Fort Worth, in Singapore, where he earned $14,768. He has not returned to Mississippi during the tax year. What is Jake's Mississippi filing requirement?
Jake is not required to file a Mississippi return because none of his active duty military pay is from Mississippi sources.
Jake is required to file a Mississippi resident tax return. All of his pay is active duty military pay, but only pay that was earned while aboard the U.S.S. Fort Worth, which exceeds the filing threshold for his filing status, is subject to Mississippi tax.
Jake is not required to file a Mississippi return because his active duty military pay, earned while serving overseas, is exempt from Mississippi taxation. The remainder of his income is less than the Mississippi filing requirement threshold.
Jake is required to file a Mississippi resident tax return and report all of this income, regardless of the source.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!