Which of the following individuals are required to file a 2017 Federal income tax return? Should any
Question:
Which of the following individuals are required to file a 2017 Federal income tax return? Should any of these individuals file a return even if filing is not required? Why or why not?
a. Patricia, age 19, is a self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amounted to $4,900?
b. Mike is single and is 67 years old. His gross income from wages was $10,800?
c. Ronald is a dependent child under age 19 who received $6,500 in wages from a part-time job?
d. Sam is married and files a joint return with his spouse, Lana. Both Sam and Lana are 67 years old. Their combined gross income was $24,250?
e. Quinn, age 20, is a full-time college student who is claimed as a dependent by his parents. Quinn reports taxable interest and dividends of $2,500?
Step by Step Answer:
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young