Information from the Following Table Will Be Useful for Answering

question 27

Multiple Choice

Information from the following table will be useful for answering this question.All figures are for 2012. $$\begin{array}{l}\text { Personal, dependency exemption: } \$ 3,700\\\begin{array} { l r r } \text { Filing Status } & \text { Basic Standard Deduction } & \text { Additional Standard Deduction* } \\\text { Married, filing jointly } & \$ 11,900 & \$ 1,150 \\\text { Married, filing separately } & 5,900 & 1,150 \\\text { Head of household } & 8,700 & 1,450 \\\text { Single } & 5,950 & 1,450\end{array}\end{array}$$ *Blind taxpayer, taxpayer 65 or older Which one of the following taxpayers is not required to file a tax return for 2012?

• A)A blind 47-year-old single person whose only gross income is interest income of $9,350
• B)A 66-year-old single taxpayer who is not claimed as a dependent and whose only gross income is interest of $10,550
• C)A 26-year-old head of household with two children whose only gross income is wages of $22,400
• D)A 35-year-old single taxpayer whose only income is gross rents of $10,500 and who has expenses directly attributable to the rents of $4,900

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Definitions:

Aging

A method used in accounting to categorize a company's accounts receivables according to the length of time an invoice has been outstanding.

Accounts Receivable

The funds owed to a company by customers for goods or services delivered or used but not yet paid for.

Detailed Analysis

An in-depth examination or investigation into a subject, situation, or set of data to understand it thoroughly or find specific insights.