Question: Mario earned $ 2 , 7 0 0 this year, and his employer withheld $ 4 0 0 of federal income taxes. Assuming that Mario

Mario earned $2,700 this year, and his employer withheld $400 of federal income taxes. Assuming that Mario is single, 50 years old, and will have no tax liability this year, he:
Multiple Choice
None of the choices are correct.
is not required to file a tax return and should not file a return.
is required to file a tax return but should not file because he owes no tax.
is required to file a tax return.
is not required to file a tax return but should file a return anyway.

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:

Save & Exit 2 Part 2 of 2 insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her...

Q:

A Aa A 46 24 Emphasis Heading 1 Norr XA -A- 6 Paragraph Styles Instructions Prepare a 2021 Form 1040 - U.S. Individual Income Tax Return - for Helen Hanson that is both professional in appearance and...

Q:

Comprehensive Tax Project: Using the scenario outlined in the Comprehensive Tax Return, prepare a letter for your clients explaining the reasons you are taking certain deductions and omitting others....

Q:

The following information applies to the questions displayed below) Reba Dixon is a fifth-grade school teacher who earned a salary of $38,300 in 2019. She is 45 years old and has been divorced for...

Q:

Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2019. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from...

Q:

Betty Conwell teaches 7th grade at a local middle school. She earned $38,000 in 2019. She is in her mid-40 and has been divorced for several years and been receiving monthy alimony payments of...

Q:

Betty Conwell teaches 7th grade at a local middle school. She earned $38,000 in 2016. She is in her mid-40s and has been divorced for several years and has been receiving monthly alimony payments of...

Q:

84. Reba Dixon is a fifth-grade schoolteacher who earned a salary of $38,000 in 2019. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from...

Q:

Reba Dixon is a fifth grade school teacher who earned a salary of $38,000 in 2017. She is 45 years old and has been divorced for four years. She received $1,200 of alimony payments each month from...

Q:

Reba Dixon is a fifth grade school teacher who earned a salary of $38,000 in 2014. She is 45 years old and has been divorced for four years. She received $1,200 of alimony payments each month from...

Q:

The local community center has been notified that it is the beneficiary of an endowment. The community center can accept cash today in the amount of $550,000 or receive $875,000 in 5 years. The...

Q:

1. Let A = 0 1 3 -1 0 1 -1 27 (a) Find a basis for the row space of the matrix A. (b) Find a basis for the column space of the matrix A. (c) Find a basis for the null space of the matrix A. (Recall...

Q:

What is the right of partners to have the first opportunity to buy a deceased partner's share known as ?

Q:

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...