Appendix_H[1] - 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. (10 points) 1. Even though Gloria is single, her filing status is Head of Household. Why is Gloria able to file as head of household? Gloria has a child, who qualified as her dependent for the year and paid more than half the cost of keeping up her home, which was the main home of that child, for the whole year. 2.How does Gloria benefit from filing as head of household, rather than single? Gloria benefits because filing as head of household will usually have a lower tax rate and she will receive a higher standard deduction when compared to people filing as single or married filing separately. 3. What is Gloria’s adjusted gross income? $22,275 4.Which line in the tax form did you find her total income? Line 15 5. Even though Gloria is filing the short form (1040A), she is still able to get two credits. What are
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This note was uploaded on 10/24/2011 for the course XBIS 219 219 taught by Professor Craigbowles during the Spring '11 term at University of Phoenix.

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Appendix_H[1] - Axia College Material Appendix H Tax Return...

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