Which of the Following Taxpayers Does Not Have to File

question 27

Multiple Choice

Which of the following taxpayers does not have to file a tax return for 2014?

• A)A single taxpayer who is under age 65, with income of $10,500.
• B)Married taxpayers (ages 45 and 50 years), filing jointly, with income of $21,000.
• C)A student, age 22, with unearned income of $1,200 who is claimed as a dependent by her parents.
• D)A qualifying widow (age 67) with a dependent child and income of $14,500.
• E)All of the above.

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Definitions:

Withdraws

The action of taking money out of an account, or removing capital from a business by its owners.

Personal Use

Personal use refers to the utilization of property, assets, or services for individual rather than business or commercial purposes.

Journal Entry

A record of financial transactions in the accounting books of a business, showing the accounts affected and the amounts of debits and credits.

Purchase on Account

A transaction in which a buyer acquires goods or services with an agreement to pay the supplier at a later date, typically billed through an invoice.