Canfield is single,70 years old,and has no dependents.Canfield will not have to file a tax return in 2017 if:
I.his gross income does not exceed $11,900.
II.his only income is $4,000 of self-employment income.

Question

Canfield is single,70 years old,and has no dependents.Canfield will not have to file a tax return in 2017 if:
I.his gross income does not exceed $11,900.
II.his only income is $4,000 of self-employment income.
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Quizplus · Accepted Answer

According to the IRS, if Canfield's gross income does not exceed the standard deduction of $11,900 for a single taxpayer over 65 years old, he will not have to file a tax return. Therefore, statement I is correct. Statement II is irrelevant as it only mentions Canfield's self-employment income, but does not provide information regarding his gross income.

Canfield Is Single,70 Years Old,and Has No Dependents