Appendix_H - Axia College Material Appendix H Tax Return...

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Axia College Material Appendix H Tax Return Worksheet Directions: Review Gloria Ramsay’s tax return. Answer the following questions based on the information listed in her return. 1. Even though Gloria is single, her filing status is Head of Household. Why is Gloria able to file as head of household? Head of Household is when a single person who lives with and pays more than half of the support for a dependent child or relative. Being her son lives with her than she is able to claim Head of Household. 2.How does Gloria benefit from filing as head of household, rather than single? She benefits because it is a higher standard deduction and tax rates are lowered and she is the primary source of her household. 3. What is Gloria’s adjusted gross income? Her adjusted gross income is $22,500. 4.Which line in the tax form did you find her total income? You can find her total income on line 15. 5.
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This note was uploaded on 01/23/2011 for the course FP 101 taught by Professor Unknown during the Spring '10 term at University of Phoenix.

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Appendix_H - Axia College Material Appendix H Tax Return...

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