Question 1 (1 point) Wilsons spouse died in Year 1. Wilson did not...

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Accounting

Question 1 (1 point)

Wilsons spouse died in Year 1. Wilson did not remarry in Year 2 and lived alone the entire year. What is Wilsons Year 2 filing status?

Question 1 options:

a)

Surviving spouse.

b)

Head of household.

c)

Married filing jointly.

d)

Single.

Question 2 (1 point)

Sarah owns an apartment building. Out of the rents received each month, she pays herself a management fee. Where should she report her income?

Question 2 options:

a)

Schedule C only

b)

Both schedules C & E

c)

None of the above

d)

Schedule E only

Question 3 (1 point)

Which of the following tax credits can result in a refund even if the individual had no income tax liability?

Question 3 options:

a)

Child and dependent care credit

b)

Credit for prior year minimum tax

c)

Elderly and permanently and totally disabled credit

d)

Earned income credit

Question 4 (1 point)

Brittany is a 22-year-old student with earned income of $10,000 from a summer job and dividend income of $1,100. Her parents claim her as a dependent on their tax return. What is Brittany's basic standard deduction amount?

Question 4 options:

a)

$12,400

b)

$1,100

c)

$10,350

d)

$11,100

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