Keith and Nicole Are Married Filing Jointly, with Two Daughters

question 89

Essay

Keith and Nicole are married filing jointly, with two daughters who qualify as dependents.Their gross income for 2019 is $25,500.Are they required to file a tax return? How do you know this without memorizing the gross income thresholds? In 2019, the standard deduction for taxpayers filing a joint return is $24,400.

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Definitions:

Probability

The quantification of how likely an event is to occur, expressed as a number ranging between 0 and 1.

Bivariate Distributions

The probability distribution of two random variables, showing the relationship between them.

Requirement

A specified necessity or demand, often detailed within a project, system, or process that must be fulfilled or complied with.

Bivariate Distributions

Statistical distributions involving two random variables and their joint probability.