Tax Drill - Filing Requirements for Dependents Complete the following statements regarding the tax return filing requirements
Question:
Tax Drill - Filing Requirements for Dependents
Complete the following statements regarding the tax return filing requirements for individuals who can be claimed as a dependent on another person's tax return.
An individual who can be claimed as a dependent on another person's tax return must file a return if he or she has any of the following:
• Earned income only/ unearned income only and gross income that is more/ less than the total standard deduction (including any additional standard deduction) the individual is allowed for the year.
• Earned income only/ unearned income only and gross income of more than $______ plus any additional standard deduction the individual is allowed for the year.
• Both earned and unearned income and gross income of more than the larger of $______ or the sum of earned/ unearned income plus $_____ (but limited to the applicable basic standard deduction) plus/ less any additional standard deduction the individual is allowed for the year.
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher