For the Following Taxpayers, Indicate Whether the Taxpayer Should File

question 102

Essay

For the following taxpayers, indicate whether the taxpayer should file a tax return and why.
a. Robert earned $50,000 this year as a staff accountant. His estimated tax liability is $4,500, and he expects to receive a $500 tax refund.
b. Amy earned $4,000 this year working part-time. She will have no federal tax liability and has not made any federal tax payments.
c. Ty earned $2,500 this summer and had $200 of federal taxes withheld from his paycheck. He will have no federal tax liability this year.
d. Startup Corporation had a $50,000 loss this year.
e. The Walker Family Trust earned $500 of gross income this year.

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Definitions:

Gender Schema Theory

A cognitive theory that posits gender as a fundamental way in which individuals organize information about themselves and the world, influencing perception, behavior, and attitudes based on societal norms.

Observational Learning Theory

Suggests that people can learn new behaviors and information by watching others, also known as social learning theory.

Gender Typing

The acquisition of a traditional gender role; encompasses the societal and psychological traits linked to one's gender.

Gender Schema Theory

A theory that explains how individuals internalize societal norms and expectations around gender, influencing perception and behavior.