In 2020, depending on the amounts of income and other tax information, some individuals may report their income on: a.Form 1040A. b.Form 1041. c.Form 1065. d.Form 1120. e.None of these choices are correct.

Question attached. I can not figure out my misstep in calculation. Thanks

What types of organizations qualify for section 199a of the 2018 tax law?

Which one of the statement regarding itemized deductions in 2020 is false? Group of answer choices A.Itemized deductions provide relief to taxpayers whose ability to pay taxes has been involuntarily reduced.   B.Itemized deductions subsidize desirable activities.   C.Itemized deductions include medical expenses, taxes, mortgage interest, charitable contributions, and unreimbursed employee business expenses.   D.Taxpayers only itemize deductions if they exceed their standard deduction.

! Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2019, his taxable income is $461,00O. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no answer blank. Enter zero if applicable.) a. All of his income is salary from his employer. Income tax Net investment income tax Total tax liability

SM2

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Determine from the tax table or the tax rate schedule, whichever is appropriate, the amount of the income tax for each of the following taxpayers for 2020. Please show all work and calculations where appropriate. Taxpayer(s) Filing Status Taxable Income Income Tax Macintosh Single $35,700 ​ Hindmarsh MFS $62,000 ​ Kinney MFJ $143,000 ​ Rosenthal H of H $91,500 ​ Wilk Single $21,400

For 2018, the Social Security portion of the FICA tax is imposed at a rate of (not including any additional tax for high-income earners): a.6.2 percent for the employee and 7.65 percent for the employer. b.6.2 percent for only the employer. c.6.2 percent for the employee and 6.2 percent for the employer. d.6.2 percent for only the employee. e.None of these choices are correct.

Indicate the date that the statute of limitations would run out on each of the following 2018 individual tax returns: a. A fraudulent tax return that was filed April 15, 2019 ________________ b. A tax return that was filed May 19, 2019 ________________ c. A tax return that was filed February 12, 2019 ________________ d. A tax return that was filed March 1, 2019, and omitted $15,000 in income. The total gross income shown on the tax return was $50,000 ________________