For the Following Taxpayers Indicate Whether the Taxpayer Should File

question 104

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:

Personal Qualities

Inherent or developed traits, characteristics, or attributes that contribute to an individual's personality and behavioral patterns.

Directive Leadership Style

A leadership approach characterized by providing clear instructions, setting performance standards, and closely supervising tasks.

Telling Style

A communication approach characterized by directly informing or instructing others without seeking their input.

Telling

A leadership behavior characterized by giving clear instructions and guidance to followers, informing them exactly how and when to complete the task.