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

Question

Quizplus · Accepted Answer

The answer to this question depends on several factors, including the taxpayers' sources and levels of income, filing status, and various deductions and credits. However, without more information, we can make an educated guess based on the general filing requirements for taxpayers. If Jenny and Jim are married and have a combined income of more than $24,800 (the standard deduction for married couples filing jointly in 2020), then they are required to file a federal tax return. Allen and Timmy's filing requirements cannot be determined without additional information.

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