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Other Fields Homework Help Accounting Topic started by: Augustus1 on Jan 8, 2017



Title: For each of the following taxpayers indicate the applicable filing status, the number of personal ...
Post by: Augustus1 on Jan 8, 2017
For each of the following taxpayers indicate the applicable filing status, the number of personal and dependency exemptions available, and the number of children who qualify for the child credit.
a.   Jeffrey is a widow, age 71, who receives a pension of $10,000, nontaxable social security benefits of $12,000, and interest of $2,000. He has no dependents.
b.   Selma is a single college student who earned $6,800 working part-time. She has $1,700 of interest income and received $1,000 support from her parents.
c.   Olivia is married, but her husband left her three years ago and she has not seen or heard from him since. She supports herself and her six-year-old daughter. She paid all the household expenses. Her income consists of salary of $18,500 and interest of $800.
d.   Ruben is a single college student who earned $6,800 working part-time. He has $250 of interest income and received $1,000 support from his parents.
e.   Cathy is divorced and received $12,000 alimony from her former husband and earned $15,000 working full-time as a secretary. She also received $2,500 of child support for her daughter who lives with her. According to a written agreement, she gave up the dependency exemption to her former husband


Title: Re: For each of the following taxpayers indicate the applicable filing status, the number of ...
Post by: Yoko900 on Jan 8, 2017
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Title: Re: For each of the following taxpayers indicate the applicable filing status, the number of personal ...
Post by: Augustus1 on Mar 19, 2017
Your explanation helped, amazing amazing!