Renata (20, not blind) is a student and can be claimed as a dependent by her uncle.

Fantastic news! We've Found the answer you've been seeking!

Question:

Renata (20, not blind) is a student and can be claimed as a dependent by her uncle. She is single. Her income is unearned income of $212 and earned income of $12,721 in tax year 2023. Is Renata required to give a tax return?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Mar 07, 2024 12:26 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
1. Which of the following is an expense that is deductible to a business taxpayer? Select one: Extra food bought by a rugby player who needs to bulk up in order to play first grade and get paid more...
Marketing costs like advertising and sales commissions are Multiple choice question. part of costs of goods sold. part of gross profit. selling expenses
The accounts of Wing Telecom Fundamentals at March 31, 2017, are listed in alphabetical order here: Required 1. All adjustments have been journalized and posted, but the closing entries have not yet...
For the voltage-divider configuration of Fig. 5.170: a. Determine AVNL, Zi, and Zo. b. Sketch the two-port model of Fig. 5.63 with the parameters determined in part (a) in place. c. Calculate the...
Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: deluxe and basic. Required 1. Compute a single plantwide...
At May 31, 2014, the accounts of Mantle Company show the following. 1. May 1 inventoriesfinished goods $12,600, work in process $14,700, and raw materials $8,200. 2. May 31 inventoriesfinished goods...
Let U={1,2,3,...,10}, A={1,3,5,7}, B={1,2,3,4}, and C={3,4,6,7,9}. Find BC'
Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Accounts Payable Bond Payable Mortgage Payable Unearned Rent Sara Ricchi, Capital Sara Ricchi, Drawing Fees...
Explain what is meant by extra-sensory perception.
What is the present value of $13,000 received a. Ten years from today when the interest rate is 4% per year? b. Twenty years from today when the interest rate is 8% per year? c. Five years from today...
How does one go about tackling the problems of appraisal?
Examine some adverse repercussions likely to arise from perceptual errors or misperceptions.
Suppose your firm receives a $4.1 million order on the last day of the year. You fill the order with $2.9 million worth of inventory. The customer picks up the entire order the same day and pays $1.5...
Abrams Company is a sole proprietorship. The book value of its identifiable net assets is $400,000, and the fair value of the same net assets is $600,000. It is agreed that the business is worth...
Use the graphs of f and g to graph h(x) = (f + g) (x). To print an enlarged copy of the graph, go to MathGraphs.com. 1. 2. y 24 8. 2. -2 -2 4 6
During 2012, William purchases the following capital assets for use in his catering business: New passenger automobile (September 30)........................$21,500 Baking equipment (June 30)...
In June of 2012, Maureen's house is vandalized during a long-term power failure after a hurricane hit the city. The president of the United States declares Maureen's city a disaster area as a result...
On February 2, 2012, Alexandra purchases a personal computer for her home. The computer cost $3,000. Alexandra uses the computer 80 percent of the time in her accounting business, 10 percent of the...
Smart Manufacturing Systems Pty Ltds accountant recently prepared the following data from the companys accounting records for the year ended 30 June 2019. Factory overhead is applied at the rate of...
During the year ended 30 June 2019, Beautiful Bottles Pty Ltd incurred the following costs in connection with its production activities. Required (a) Calculate the relationship between factory...
Telecommunications company Toronto Ltd signed a 15year deal to sell capacity on its cable network to a rival company for $200 million. The deal was completed on the last day of Toronto Ltds financial...

Renata (20, not blind) is a student and can be claimed as a dependent by her uncle.

Question:

Expert Answer:

Based on the information provided Renata is not required to file a tax return for the tax year 2023 ... View the full answer

Income Tax Fundamentals 2013

Students also viewed these accounting questions