Determine lees filing status in each of the given situations

Assignment Help Taxation
Reference no: EM13905380

Lee is 30 years old and single. Lee paid all the costs of maintaining his house- hold for the entire year. Determine Lee's filing status in each of the following alternative situations:

a) Lee is Ashton's uncle. Ashton is 15 years old and has gross income of $5,000. Ashton lived in Lee's home from April 1 through the end of the year.

b) Lee is Ashton's uncle. Ashton is 20 years old, not a full-time student, and has gross income of $7,000. Ashton lived in Lee's home from April 1 through the end of the year.

c) Lee is Ashton's uncle. Ashton is 22 years old and was a full-time student from January through April. Ashton's gross income was $5,000. Ashton lived in Lee's home from April 1 through the end of the year.

d) Lee is Ashton's cousin. Ashton is 18 years old, has gross income of $3,000, and is not a full-time student. Ashton lived in Lee's home from April 1 through the end of the year.

e) Lee and Ashton are cousins. Ashton is 18 years old, has gross income of $3,000, and is not a full-time student. Ashton lived in Lee's home for the entire year.

Reference no: EM13905380

Questions Cloud

What is elroys filing status : What is Elroy's filing status? Assume the original facts except that Elroy has taken over the care of his grandmother, Renae, instead of his mother. What is Elroy's filing status?
What filing status options do gary and lakesha have : What filing status options do Gary and Lakesha have for last year? Assume instead that Gary and Lakesha were married on January 1 of this year.
How many days does it take for the bacteria concentration : The water from the reservoir is not safe to drink if the bacteria concentration reaches 0.01 g/m3. How many days does it take for the bacteria concentration to reach this level? Express the answer in exact form and to 3 decimal places
What is bonitas filing status the given year : What is Bonita's filing status this year? Assuming Bonita doesn't remarry and still has two dependent children living at home, what will her filing status be next year?
Determine lees filing status in each of the given situations : Lee is 30 years old and single. Lee paid all the costs of maintaining his house- hold for the entire year. Determine Lee's filing status in each of the following alternative situations:
Determine the appropriate filing status for kimberly : Determine the appropriate filing status for Kimberly. What if Kimberly lived in her own home and provided all the costs of main- taining the household?
Australian legal and parliamentary system : French philosopher Montesquieu proposed that the separation of powers was essential to protect the stability of the government and the freedom of the people. Explain the doctrine of the separation of powers and assess the extent to which it operat..
Is bob allowed to claim a dependency exemption : Is Bob allowed to claim a dependency exemption for Dylan without including Dylan's identifying number on the return?
Election experience of couple of successful candidates : How does one become President of the United States in this day and age? What are the steps involved? Compare the election experience of a couple of successful candidates for president.

Reviews

Write a Review

Taxation Questions & Answers

  Calculate the allowable depreciation

Calculate total income or adjusted gross income on page 1 of Form 1040 0 -post the appropriate information on page 2 of Form 1040, but do not total this page, compute the federal tax liability, or determine the refund or balance due.

  Explain differences between discretionary and fixed trust

Explain the differences between a discretionary trust and a fixed trust. List some ways in which the taxation of a trust differs from that of a partnership and a company.

  What is sallys filing status for 2012

Tony supports the following individuals during the current year: Miranda, his former mother-in-law who lives in her own home and has no gross income; his cousin, Jeff, age 23, who is a full-time student, earns $7,000 during the year, and lives ..

  Advise mick whether he will be eligible to claim

Advise Mick whether he will be eligible to claim any income tax deductions in relation to the above expenditures. If any amounts are deductible, outline the requirements for Mick to substantiate his claims.

  Prepare a memo detailing all legislated payments

Prepare a memo, detailing all legislated payments on termination of employment for each jurisdiction. In addition to the required payments, include any related employer costs.

  What is the term withheld means here

Roberto earned $96000 salary for the year and had $19000 federal income tax withheld. What is the term withheld means here?

  Prepare the journal entries ignoring income tax effects

Prepare the following journal entries, ignoring income tax effects. If no entry is required, say so. Number each entry clearly. Entry in Shark's books to record the initial purchase of Minnow.

  What are u.s. tax consequences of hans u.s. activities

During Year 1, Hans had rental income of $300,000 and operating expenses (depreciation, interest, insurance, etc.) of $220,000. On the advice of his accountant, Hans made a Code Sec. 871(d) election in Year 1.

  Compute the company after-tax cost

Which of the three methods computed in part a is most common for financial reporting purposes? Explain.

  Question the corporate income tax rates in two countries a

question the corporate income tax rates in two countries a and b are 40 and 25 correspondingly. additionally both

  Questiondetermine whether the following benefits are fringe

questiondetermine whether the following benefits are fringe benefits or exempt fringe benefits and where applicable the

  Question a korean company is considering selling certain

question a korean company is considering selling certain electronic gadgets to hong kong in an effort to develop its

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd