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Author Question: Husband and wife, who live in a common law state, are eligible to file a joint return for 2016, but ... (Read 134 times)

kaid0807

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Question 1

Deborah, who is single, is claimed as a dependent on her parents' tax return. She had a part-time job during 2015 and earned $850 during the year, which was her only income. What is her standard deduction?
◦ $850
◦ $1,050
◦ $1,200
◦ $6,300

Question 2

Husband and wife, who live in a common law state, are eligible to file a joint return for 2016, but elect to file separately. They do not have dependents. Wife has adjusted gross income of $25,000 and has $2,200 of expenditures which qualify as itemized deductions. She is entitled to one exemption. Husband deducts itemized deductions of $11,200. What is the taxable income for the wife?
◦ $14,650
◦ $18,750
◦ $20,950
◦ None of these.


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Marked as best answer by kaid0807 on Sep 13, 2020

strudel15

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kaid0807

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


sailorcrescent

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Reply 3 on: Yesterday
:D TYSM

 

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