Information from the following table will be useful for answering this question.All figures are for 2012. Personal, dependency exemption: $3,800 (2012) *Blind taxpayer, taxpayer 65 or older
Which of the following taxpayers must file a return for 2012?
A) A single taxpayer, age 67, has Social Security benefits of $9,000 and interest income of $10,950
B) A married couple, both under 65 years, have interest income of $18,200
C) A single taxpayer, age 65, has self-employment earnings of $2,700
D) A single teenager, claimed as a dependent by her parents, has part-time wages of $5,100
Correct Answer:
Verified
Q40: V is 66 years of age and
Q41: Tax indexation
A)Decreases (or eliminates) bracket creep
B)Results in
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Q43: Chris, a single taxpayer, has investment
Q44: A penalty is assessed against individuals for
Q46: Which of the following is not true
Q47: Which statement below is not true of
Q48: Which of the following taxpayers is not
Q49: W is a full-time student and is
Q50: J paid her 2012 taxes by filing
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