For Each of the Following Taxpayers, Indicate the Applicable Filing

question 1633

Essay

For each of the following taxpayers, indicate the applicable filing status and the number of children who qualify child credit.
a. Jeffrey is a widower, age 71, who receives a pension of $10,000, nontaxable social security benefits of $12,000 interest of $2,000. He has no dependents.
b. Selma is a single, full- time college student, age 20, who earned $6,800 working part- time. She has $1,700 of interest income and received $1,000 support from her parents.
c. Olivia is married, but her husband left her three years ago and she has not seen or heard from him since. She supports herself and her six- year- old daughter. She paid all the household expenses. Her income consists of sala
$18,500 and interest of $800.
d. Ruben is a single, full- time college student, age 20, who earned $6,800 working part- time. He has $250 of interest income and received $10,000 support from his parents.
e. Cathy is divorced and received $12,000 alimony from her former husband and earned $35,000 working as an administrative assistant. She also received $2,500 of child support for her daughter who lives with her. Cathy file appropriate IRS form and gave up the dependency exemption to her former husband.

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Definitions:

Nonrefundable Ticket

A ticket purchase that cannot be returned for a refund, often cheaper than refundable options and common in air travel.

Remainder

The amount left over or remaining after division or allocation.

Alternative

An option or choice that is available as a substitute or replacement for something else.

Market Supply Curve

A graphical representation showing the total quantity of a good that producers are willing to sell at various prices within a given time period.