« previous next »

Author Question: Malcolm qualifies to use a 1040EZ form for his taxes. His total wages for the year were 19,800. He ... (Read 127 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
on: Jun 24, 2018
Malcolm qualifies to use a 1040EZ form for his taxes. His total wages for the year were 19,800. He does not claim himself as a dependent because his parents claim him. What is his taxable income?

Question 2

Selina is single with a minor daughter. Besides the standard deduction of 5,450, how much should she deduct from her taxes for exemptions?


otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 24, 2018
Answer to Question 1

19,800

Answer to Question 2

7,000; because she has 2 exemptions, she should deduct 2  3,500 = 7,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
Honey should never be given to children younger than one year of age Honey should never be given to children younger than one year of age
Write in vertex form by completing the square Write in vertex form by completing the square
New year kid drawing New year kid drawing
Video: T cell receptors

For a complete list of videos, visit our video library