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For Each of the Following Situations, Indicate Whether the Taxpayer(s)is(are)required

Question 44

Essay

For each of the following situations, indicate whether the taxpayer(s)is(are)required to file a tax return for 2018.Explain your answer
a.Debra, age 68, and Jerry, age 70, are married and file a joint return.They received $24,500 in interest income from a savings account.
b.Margie is a single taxpayer with wages in 2018 of $8,400 and interest income of $200.
c.Janie, age 30, and Scott, age 28, are married and file a joint tax return.They had $17,000 in earnings from wages.
d.Kim, age 20, is a single college student who is claimed as a dependent by her parents.She earned $2,000 from a part-time job and has $450 in interest income.
e.Stefanie, a 25-year-old single taxpayer, has wages of $1,500, from which $80 of federal income tax was withheld.

Correct Answer:

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a.No.The standard deduction of $24,000 p...

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