Which of the following taxpayers (all age 40)is/are required to file a return?

Question

Quizplus · Accepted Answer

The filing requirements are based on several factors including filing status, income, and age. However, all taxpayers, regardless of their age or income, must file a return if they have self-employment income that exceeds $400. Since we do not have information on the taxpayers' income sources, the safest answer is A, as both Jenny and Jim could potentially meet the filing requirement.

Which of the Following Taxpayers (All Age 40)is/are Required to File