For the Following Taxpayers, Indicate Whether the Taxpayer Should File

question 102

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:

Mechanical Isolation

A prezygotic reproductive isolating mechanism in which fusion of the gametes of two species is prevented by morphological or anatomical differences.

Sexual Isolation

A prezygotic barrier where different species are unable to mate successfully due to behavioral, physiological, or environmental differences.

Behavioral Isolation

A prezygotic reproductive isolating mechanism in which reproduction between similar species is prevented because each group exhibits its own characteristic courtship behavior; also called sexual isolation.

Gametic Isolation

A prezygotic reproductive isolating mechanism in which sexual reproduction between two closely related species cannot occur because of chemical differences in the gametes.