Which of the following individuals are required to file a tax return for 2017? Should any of

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Which of the following individuals are required to file a tax return for 2017? 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. For 2017, Quinn has taxable interest and dividends of $2,500.

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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337386173

21st Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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