HW2 Q4.PNG - Requirement For the above taxpayers indicate...

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Unformatted text preview: Requirement For the above taxpayers, indicate which tax form should be used, the applicable tiling status, and the number of personal and dependency exemptions available, and the number of children who qualify for the child credit. Number of Number of o More Info Scenario Tax form Filing status exemptions child credit a 1040 E2 Single 1 0 . Arnie is a single college student who eamed $7,?00 working part-time. He had $200 of b 1040 A Single 1 0 interat income and received $1,000 at support from his parents. c 1040 ‘ Headfithousehmd ‘ 1 ‘ 0 Buddy is a single college student who earned $1700 working part-time. He had $1,300 . of interat income and received $1,000 of support from his parents. d 1040 A Single 1 0 . . . . . ‘ Cindy is divorced and received $6,000 of alimony trom her tormer husband and earned e 1040 A Head-ot—household 2 1 $12,000 working as a secretary. She also received $1,300 of child support tor her son who iivsfi with her. According to a wn‘t‘ten agreement, her former husband is entitled to receive the dependency exemption. Debbie is a widow, age 63, who receives a pension at $3,000, nontaxable social security benefits at $3,000, and interest of $4,000. She has no dependents. Edith is married, but her husband left her two years ago and she has not seen him since. Edith supported herselt and her daughter, age 3. She paid all household expenses. Her income at $26,000 consisted of a salary of $25,200 and interest of $300. ...
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  • Spring '18
  • Tom Bonomo
  • Accounting, Arnie, Debbie, Edith, single college student

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