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. 1. Even though Gloria is single, her filing status is Head of Household. Why is Gloria able to file as head of household? Gloria is able to file head of household because she had a qualifying child or qualifying relative that lived with her in the home for more than half the year. 2.How does Gloria benefit from filing as head of household, rather than single? Gloria benefits from filing Head of household by getting a lower tax rate and a higher standard deduction than filing single or married filing separately 3. What is Gloria’s adjusted gross income? Gloria’s adjusted gross income is $22,275 4.Which line in the tax form did you find her total income? Line 7 5. Even though Gloria is filing the short form (1040A), she is still able to get two credits. What are the two credits Gloria receives? List the line you found the answers on as well.
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This note was uploaded on 11/21/2011 for the course PERSONAL F 101 taught by Professor Agnew during the Spring '10 term at University of Phoenix.

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

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