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Exam 9: Individuals As the Taxpayer

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Question 1

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Match the statements that relate to each other.Note: Some choices may be used more than once. a.Not available to 65-year old taxpayer who itemizes. b.Exception for U.S.citizenship or residency test (for dependency exemption purposes). c.Largest basic standard deduction available to a dependent who has no earned income in 2019. d.Considered for dependency purposes. e.Qualifies for head of household filing status. f.A child (age 15) who is a dependent and has only earned income. g.Considered in applying gross income test (for dependency exemption purposes). h.Not considered in applying the gross income test (for dependency exemption purposes). i.Unmarried taxpayer who can use the same tax rates as married persons filing jointly. j.Exception to the support test (for dependency exemption purposes). k.A child (age 16) who is a dependent and has only unearned income of $4,500.l.No correct match provided. -Kiddie tax applies

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Question 2

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Match the statements that relate to each other.Note: Some choices may be used more than once. a.Not available to 65-year old taxpayer who itemizes. b.Exception for U.S.citizenship or residency test (for dependency exemption purposes). c.Largest basic standard deduction available to a dependent who has no earned income in 2019. d.Considered for dependency purposes. e.Qualifies for head of household filing status. f.A child (age 15) who is a dependent and has only earned income. g.Considered in applying gross income test (for dependency exemption purposes). h.Not considered in applying the gross income test (for dependency exemption purposes). i.Unmarried taxpayer who can use the same tax rates as married persons filing jointly. j.Exception to the support test (for dependency exemption purposes). k.A child (age 16) who is a dependent and has only unearned income of $4,500.l.No correct match provided. -Basic standard deduction

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Question 3

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In determining whether the gross income test is met for determining dependency status, only the taxable portion of a scholarship is considered.

In terms of income tax consequences, abandoned spouses are treated the same way as married persons filing separate returns.

Monique is a resident of the United States and a citizen of France.If she files a U.S.income tax return, Monique cannot claim the standard deduction.

Regarding the rules applicable to filing of income tax returns, which of the following, if any, is an incorrect statement:

Katelyn is divorced and maintains a household in which she and her daughter, Crissa, live.Crissa, age 22, earns $11,000 during 2019 as a model.Katelyn does not qualify for head of household filing status.

Match the statements that relate to each other.Note: Some choices may be used more than once. a.Not available to 65-year old taxpayer who itemizes. b.Exception for U.S.citizenship or residency test (for dependency exemption purposes). c.Largest basic standard deduction available to a dependent who has no earned income in 2019. d.Considered for dependency purposes. e.Qualifies for head of household filing status. f.A child (age 15) who is a dependent and has only earned income. g.Considered in applying gross income test (for dependency exemption purposes). h.Not considered in applying the gross income test (for dependency exemption purposes). i.Unmarried taxpayer who can use the same tax rates as married persons filing jointly. j.Exception to the support test (for dependency exemption purposes). k.A child (age 16) who is a dependent and has only unearned income of $4,500.l.No correct match provided. -Scholarship funds for room and board

In 2019, Ed is 66 and single.If he has itemized deductions of $12,700, he should not claim the standard deduction alternative.

Match the statements that relate to each other.Note: Choice k.may be used more than once. a.Available to a 70-year-old father claimed as a dependent by his son. b.Equal to tax liability divided by taxable income. c.The highest income tax rate applicable to a taxpayer. d.Not eligible for the standard deduction. e.No one qualified taxpayer meets the support test. f.Taxpayer's ex-husband does not qualify. g.A dependent child (age 18) who has only unearned income. h.Highest applicable rate is 37%. i.Applicable rate could be as low as 0%. j.Maximum rate is 28%. k.No correct match provided. -Multiple support agreement

Clara, age 68, claims head of household filing status.If she has itemized deductions of $18,900 for 2019, she should claim the standard deduction.

Which of the following items, if any, is deductible?

Which of the following taxpayers may file as a head of household in 2019? Marco provides all of the support for his mother, Sienna, who lives by herself in an apartment in Fort Lauderdale.Marco pays the rent and other expenses for the apartment and properly claims his mother as a dependent. Tammy provides over one-half the support for her 18-year old brother, Dan.He earned $4,200 in 2019 working at a fast-food restaurant and is saving his money to attend college in 2020.Dan lives in Tammy's home. Juan's wife left him late in December of 2018.No legal action was taken and Juan has not heard from her in 2019.Juan supported his 6-year-old son, who lived with him throughout 2019.

Currently, the top income tax rate in effect is not the highest it has ever been.

Ellen, age 12, lives in the same household with her father, grandfather, and uncle.The cost of maintaining the household is provided by her grandfather (40%) and her uncle (60%) .Disregarding tie-breaker rules, Ellen is a qualifying child as to:

Matching Regarding classification as a dependent, classify each statement in one of the four categories: a. Could be a qualifying child. b. Could be a qualifying relative. c. Could be either a qualifying child or a qualifying relative. d. Could be neither a qualifying child nor a qualifying relative. -An ex-husband (divorce occurred last year) who lives with taxpayer.

Matching Regarding classification as a dependent, classify each statement in one of the four categories: a. Could be a qualifying child. b. Could be a qualifying relative. c. Could be either a qualifying child or a qualifying relative. d. Could be neither a qualifying child nor a qualifying relative. -A nephew who lives with taxpayer.

Darren, age 20 and not disabled, earns $4,300 during 2019.Darren's parents cannot claim him as a dependent unless he is a full-time student.

Once they reach age 65, many taxpayers will switch from itemizing their deductions from AGI and start claiming the standard deduction.

Match the statements that relate to each other.Note: Some choices may be used more than once. a.Not available to 65-year old taxpayer who itemizes. b.Exception for U.S.citizenship or residency test (for dependency exemption purposes). c.Largest basic standard deduction available to a dependent who has no earned income in 2019. d.Considered for dependency purposes. e.Qualifies for head of household filing status. f.A child (age 15) who is a dependent and has only earned income. g.Considered in applying gross income test (for dependency exemption purposes). h.Not considered in applying the gross income test (for dependency exemption purposes). i.Unmarried taxpayer who can use the same tax rates as married persons filing jointly. j.Exception to the support test (for dependency exemption purposes). k.A child (age 16) who is a dependent and has only unearned income of $4,500.l.No correct match provided. -Age of a qualifying child