Unearned Income of Minor Children and Certain Students Brian and Kim have a 12-year-old child, Stan. For 2020, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return. Click here to access the income tax rate schedules. For purposes of the tax on a child's unearned income, Stan's taxable income is $3,400  Stan's net unearned income is $2,300 Required a. Calculate Stan's tax for 2020. $fill in the blank

Problem Renee and Sanjeev Patel, who are married, reported taxable income of $1,008,000 for 2022. They incurred positive AMT modifications of $142,500. Click here to access the exemption table. a. Compute the Patels' alternative minimum taxable income (AMTI) for 2022. 1,008,000 Taxable income Plus: Equals: AMTI AMTI b. Compute the Patel's tentative minimum tax. Computation of AMT Base and Tax 8) AMT modifications AMT exemption AMT base TMT $ 75,000 1,083,000 1,083,000

Subject - account  Please help me.  Thankyou.

Donna is married filing jointly, claims 9 allowances and earns $2,700 biweekly; her W-4 is from 2020 with standard withholding checked. Donna's tax using the wage bracket method is a.$327. b.$194. c.$421. d.$228.

Calculate the total 2020 tax liability for a surviving spouse with one dependent child with a gross income of $51,800.00, assuming that the taxpayer takes the standard deduction. If the dependent child is under the age of 17 and $3,000.00 was withheld from the taxpayer's wages for federal income taxes, what is the amount of the taxpayer's refund or tax due? Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2020 tax year is $ Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Standard Deduction Amounts Filing Status Single Married Filing Jointly or Surviving Spouse Head of Household Married Filing Separately Child Tax Credit in 2020: $2,000 per child Print Done 2020 $12,400 $24,800 $18,650 $12,400 (Enter the amount to the nearest cent.) Click the following link for a standard deduction table: - X

In February 2021 Jin (a single taxpayer) filed her 2020 federal income tax return, claiming a refund of $1,200.  Jin received the refund in March 2021.  Which of the following is true in regards to how that refund will be reflected in Jin's 2021 federal income tax return?       Answers:   The refund will excluded from gross income.   The refund will only be included in gross income if Jin used itemized deductions (including the deduction for relevant taxes) in the prior year.   The refund will only be included in gross income if Jin used the standard deduction in the prior year.     The refund will definitely be included in gross income, regardless of the details of Jin's prior year return.

A married individual who is paid on a monthly basis, claims 3 federal withholding allowances, completed the pre-2020 Form W-4, and earns $1,495 has $_________ in federal income tax withholding when using the wage-bracket method.

Nikul

Determine from the tax table provided the amount of the income tax (before any credits) for each of the following taxpayers for 2021: Тахраyer(s) Filing Status Taxable Income Income Taх Allen Single $21,000 Boyd MFS 24,545 Caldwell MFJ 35,784 Dell H of H 27,450 Evans Single 44,999

Subject: accounting