Question: Jamarcus, a full-time student, earned $3,200 this year from a summer job. He had no other income this year and will have zero federal income

 Jamarcus, a full-time student, earned $3,200 this year from a summer

Jamarcus, a full-time student, earned $3,200 this year from a summer job. He had no other income this year and will have zero federal income tax liability this year. His employer withheld $416 of federal income tax from his summer pay. Is Jamarcus required to file a tax return? Should Jamarcus file a tax return? Jamarcus is not required to file a tax return as the refund of $416 previously withheld will be automatically credited to his bank account Jamarcus is not required to file an income tax return because his gross income of $3,200 is well below the gross income threshold for a single taxpayer. However, he should file a taxreturn to receive a refund of the $416 previously withheld. o Jamarcus should compulsorily file a tax return because his gross income of $3,200 is well below the gross income threshold for a single taxpayer. Jamarcus is required fp file an income tax return regardless of income and should file a tax return

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!

Q:

\f