« 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 134 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?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Deity form of Varaha, Khajuraho, 12th C AD Deity form of Varaha, Khajuraho, 12th C AD
DNA consists of two complementary strands wound around each other to form DNA consists of two complementary strands wound around each other to form
Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library