Which of the Following Taxpayers Does Not Have to File

question 77

Multiple Choice

Which of the following taxpayers does not have to file a tax return for 2019?

• A)A single taxpayer who is under age 65, with income of $13,500.
• B)Married taxpayers (ages 45 and 50 years), filing jointly, with income of $26,000.
• C)A student, age 22, with unearned income of $2,500 who is claimed as a dependent by her parents.
• D)A qualifying widow (age 67) with a dependent child and income of $18,800.
• E)All of these are correct.

Analyze and prepare basic financial statements (income statement, balance sheet, statement of retained earnings).

Describe the effects of business transactions on the accounting equation.

Identify and classify different types of business activities (operating, investing, financing).

Understand the fundamental concepts and assumptions underlying accounting (monetary unit assumption, going concern assumption, separate entity assumption).

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Definitions:

Prostaglandins

A group of physiologically active lipid compounds having diverse hormone-like effects in animals, involved in controlling processes such as inflammation, blood flow, the formation of blood clots, and the induction of labor.

Amniotic Sac

A fluid-filled sac that surrounds and protects a fetus in the womb, providing a buoyant, cushioned environment for development.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to and removing waste from the fetus through the umbilical cord.

Incubator

A device used to maintain optimal environmental conditions for the growth and development of premature babies, or for cultivating microbiological cultures.