Can anyone help me with these 5 questions please? 1. Josie is 17 years...
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Accounting
Can anyone help me with these 5 questions please?
1. Josie is 17 years old and qualifies as a dependent of her parents. Josie earned $4,200 in wages and $900 in interest income during 2019. What is Josies basic standard deduction fo r2019?
a. $4,200
b. $4,550.
c. $5,100.
d. $5,350.
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2. TRUE or FALSE No-additional-cost services must be provided on a space-available basis in order to be excluded from the employees gross income.
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3. Tanya, age 28, and Eddie, age 30, are married. They file a joint return and their taxable income for 2019 is $92,000. Compute the tax on their taxable income using the tax rate schedule below.
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4. Ursulas divorce from her husband, Boris, became final on December 30,2019. Ursulas children lived with her for the first four months of 2019 but moved in with their father after Ursula was declared legally blind. Ursula did not contribute anything to the cost of maintaining the household when the children were living with her husband. Ursula is 40 years old.
What filing status can Ursula use during 2019 and what is her standard deduction?
a. Married Filing Jointly; $25,700.
b. Head of Household; $20,000.
c. Single; $13,850.
d. Married Filing Separately; $12,200
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5. Kevin is 16 years old and is a qualifying dependent of his parents. Kevin earned wages of $3,000 and interest income of $4,000 during 2019. How much of Kevin's taxable income will be taxed at Kevins rate in 2019?
Pay Tanya, age 28, and Eddie, age 30, are married. They file a joint return and their taxable income for 2019 is $92,000. Compute the tax on their taxable income using the tax rate schedule below. If taxable income is over But Not Over % Of Amount Over $19,400 0.10 $0 $19,400 $78,950 $1,940 0.12 $19,400 $78,950 $168,400 $9,086 0.22 $78,950 $168,400 $321,450 $28,765 0.24 $168,400 $321,450 $408,200 $65,497 0.32 $321,450 $0 5 $408,200 $612,350 a. $11,957.00. $612,350 No limit $93,257 0.35 $164,709.50 0.37 $408,200 $612,350Get Answers to Unlimited Questions
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