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Exam 9: Individuals As the Taxpayer

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Question 71

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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 granddaughter, who lives with taxpayer, is 19 years old, earns $5,000, and is not a full-time student.

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Question 72

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In which of the following situations, if any, will the kiddie tax not apply?

A) The child is married but does not file a joint return.
B) The child has unearned income of $2,100 or less.
C) The child has unearned income that exceeds more than half of his (or her) support.
D) The child is under age 24 and a full-time student.
E) None of these.

F) A) and E)
G) C) and D)

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Question 73

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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 son lives with taxpayer and earns $3,000.

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 daughter-in-law who lives with taxpayer.

During 2019, Marvin had the following transactions: Marvin's AGI is:

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. -Additional standard deduction

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 uncle who lives with taxpayer.

Ayla, age 17, is claimed by her parents as a dependent.During 2019, she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200.Ayla's taxable income is:

The Hutters filed a joint return for 2019.They provide more than 50% of the support of Carla, Ellie, and Aaron. Carla (age 18) is a cousin and earns $2,800 from a part-time job.Ellie (age 25) is their daughter and is a full-time law student.She received a $7,500 scholarship for tuition from her law school.Aaron is a brother who is a citizen of Israel but resides in France.Carla and Ellie live with the Hutters.How many dependents can the Hutters claim?

In 2019, Hal furnishes more than half of the support of his ex-wife and her father, both of whom live with him.The divorce occurred in 2018.Hal may claim the father-in-law and the ex-wife as dependents.

Natalie is married to Chad, who abandoned her in early June of 2019.She has not seen or communicated with him since then.She maintains a household in which she and her two dependent children live.Which of the following statements about Natalie's filing status in 2019 is correct?

An increase in a taxpayer's AGI could decrease the amount of charitable contribution that can be claimed.