Question 12 of 21
Score: 0.5 (of possible 0.5 points)
True or False - Kendall must file a tax return. She is a single college student who is claimed as a
dependent by her parents. She earned $1,550 from a part-time job and has $1,150 in interest
Albert and Victoria are married taxpayers in 2014, are under 65, and in good health. For the tax
year, they earned $81,000 in wages and $140 interest income. Albert pays alimony of $6,000.
They also have itemized deductions of $11,000. They claim two exem
A. Their Adjusted Gross Income is $75,140.
Income = $81,000 wages + $140 interest = $81,140
Adjusted gross income = Income of $81,140 - $6,000 alimony = $75,140
B. They would take the standard deduction of $12,400 since it is more than their total