Bill and karen are divorced and the parents of one child who is in bill's custody. in order to work, bill pays karen to care for the child. assuming that karen did not reside with bill, can boll claim a deduction for the child care expenses he incurred?
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- Lavinia incurs various legal fees in obtaining a divorce. Which types of expenses associated with the divorce are deductible by Lavinia, and which are not?Jennie’s grandfather paid her tuition this fall to State University (an eligible educational institution). Jennie is claimed as a dependent by her parents, but she also files her own tax return. Can Jennie claim an education credit for the tuition paid by her grandfather? What difference would it make, if any, if Jennie did not qualify as a dependent of her parents (or anyone else)?In May, Jonathon left his wife Sarah. While the couple lives apart and has no contact with each other, they were not legally divorced. Sarah found herself having to financially provide for the couple's eleven year-old child. Sarah paid all the costs of maintaining the household. When it is time to complete their taxes Sarah has no idea how to get in contact with Jonathon. Considering these facts, what is Sarah's most favorable filing status? Group of answer choices Married Filing Jointly Head of Household Married Filing Separately Qualifying Widow(er) Single
- Minnie (age 26) lives with her boyfriend Mickey (age 28) during all of 2021. Mickey is unemployed with no income and Minnie provides 100% of their household's support. Mickey is not the qualifying child of any other taxpayer. Can Minnie claim Mickey as a dependent? No, Mickey is not Minnie's dependent Yes, as a qualifying child O Yes, as a qualifying relativeDoug and Tammy are not related and do not live together. Doug is employed and earns commission income. Tammy is an independent broker and earns commission income. Both maintain an office in their homes. Which of the following statements is false regarding the tax treatment of their incomes for 2020? (a) Tammy can incur a non-capital loss, but Doug cannot. (b) Tammy and Doug can deduct a portion of their property tax and house insurance (c) Tammy can deduct a portion of her home mortgage interest, but Doug cannot. (d) Tammy and Doug can claim CCA on their computers.Lanny and Shirley divorced in 2018 and do not live together. Shirley has custody of their child, Art, and Lanny pays Shirley $23,000 per year. All property was divided equally.
- Suzanna earns $4000 in her summertime job; the rest of the year she attends college fulltime. Suzanna may claim an exemption from FIT withholding if: a.she also has a taxable scholarship (used for housing) = $15,000. b.her unearned income (interest) = $1698. c.her aunt claims her as a dependent and she has no unearned income. d.her unearned income (dividends) = $1800.Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. a. Shauna paid $4,688 for medical expenses for care related to a broken ankle. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. b. Shauna paid a total of $3,420 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,020 for the surgery (she received no insurance reimbursement). She also incurred $458 of other medical…Steve is a single man who lives by himself. He has one job as a computer technician and takes the standard deduction. What is his 2020 Form W-4 likely to report? a.Check the box in Step 2(c) to reflect his job b.Claim 2 allowances c.Check the single box in Step 1 only d.Check the single box and report himself as a single dependent on Step 3 e.He can claim any number of withholding allowances that he believes will leave him with proper withholding.
- Eugene and Velma are married. For 2020, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate returns. They have no deductions for adjusted gross income. Eugene's itemized deductions are $14,200 and Velma's are $4,000. Assuming Eugene and Velma do not live in a community property state and Eugene deducts the greater of the standard deduction or itemized deductions, what is Eugene's taxable income?Paul, age 40 and single, has an 8-year-old son, Larry. Larry resides with his mother, Susan, in her home. Pursuant to the terms of their divorce, Paul properly claims Larry as a dependent on his income tax return. Paul pays child support payments to his ex-wife for the support of his child. Susan does not claim Larry as her dependent, but she does bear the economic burden of supporting the household in which they reside. What is the maximum amount of the 2020 standard deduction that Susan qualifies for? Oa. $12,400 Оb. S18,650 Oc. $20,300 а. Od. $24,800 Oe. Susan does not qualify for claiming a standard deduction. е.
