Fundamentals of Taxation 2017
Quiz 2: Expanded Tax Formula,forms 1040a and 1040,and Basic Concepts
A Qualifying Relative Must Earn Less Than for the Year
A qualifying relative must earn less than for the year 2016. A)$9,300 B)$4,050 C)$6,300 D)$1,050
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The basic standard deduction in 2016 for a single taxpayer who is 67 years old and not blind is: A)$1,550. B)$6,300. C)$7,850. D)$7,550.
The basic standard deduction in 2016 for a Head of Household taxpayer who is 41 years old and not blind is: A)$9,300. B)$12,600. C)$7,850. D)$6,300.
What is the limit on the social security amount for 2016? A)$118,500. B)$113,700. C)$117,000. D)$110,100.
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