South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint 1 term (6 months) Printed Access Card)
42nd Edition
ISBN: 9781337702546
Author: James C. Young, William H. Hoffman, William A. Raabe, David M. Maloney, Annette Nellen
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 3, Problem 9DQ
To determine
Explain the reason why person C claim person L as dependent on his 2018 return but not in 2017 return.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
richard and alice are divorced and under the terms of their written divorce agreement signed on december
30, 2008, richard was required to pay alice $1500 per month of which $600 was designated as child
support. he made 12 such payments in 2015. additionally, richard voluntarily paid alice $1200 per month for
12 months of 2015, no portion of which was designated as child support. assuming that alice has no other
income, her tax return for 2015 should show gross income of:
a. $0
b. $9600
c $10800
d. $18000
e. none of the above
Joseph has been divorced since 2013. He has not remarried and files single. He pays alimony to his ex-wife. He completed his tax return this year and has a balance due. Which of the following is a planning strategy he could employ to reduce his amount due? Group of answer choices
Make an deductible IRA contribution before the due date of the return.
Ask his sister if he could claim her five year old daughter as his dependent.
Make a Roth IRA contribution before the due date of the return.
Make a voluntary alimony payment to his ex-wife to help her cover extraordinary repairs she incurred on the house they used to share.
Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to
determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn't sure how to
compute the rest of her taxable income. She provided the following information with hopes that you could use it to
determine her taxable income.
a. Shauna paid $4,688 for medical expenses for care related to a broken ankle. Also, Shauna's boyfriend, Blake, drove
Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle.
b. Shauna paid a total of $3,420 in health insurance premiums during the year (not through an exchange). SD did not
reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken
ankle, Shauna had Lasik eye surgery last year and paid $3,020 for the surgery (she received no insurance
reimbursement). She also incurred $458 of other medical…
Chapter 3 Solutions
South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint 1 term (6 months) Printed Access Card)
Ch. 3 - Prob. 1DQCh. 3 - Which of the following items are inclusions in...Ch. 3 - Which of the following items are exclusions from...Ch. 3 - Prob. 4DQCh. 3 - In choosing between taking the standard deduction...Ch. 3 - Prob. 6DQCh. 3 - Prob. 7DQCh. 3 - Prob. 8DQCh. 3 - Prob. 9DQCh. 3 - Prob. 10DQ
Ch. 3 - Prob. 11DQCh. 3 - Prob. 12DQCh. 3 - Prob. 13DQCh. 3 - Prob. 14DQCh. 3 - Prob. 15DQCh. 3 - Prob. 16DQCh. 3 - Prob. 17DQCh. 3 - Prob. 18DQCh. 3 - During the year, Brandi had the following...Ch. 3 - Prob. 20CECh. 3 - Prob. 21CECh. 3 - Prob. 22CECh. 3 - Prob. 23CECh. 3 - Prob. 24CECh. 3 - Prob. 25CECh. 3 - During the year, Tamara had capital transactions...Ch. 3 - Prob. 27PCh. 3 - Prob. 28PCh. 3 - Prob. 29PCh. 3 - Prob. 30PCh. 3 - Analyze each of the characteristics in considering...Ch. 3 - Prob. 32PCh. 3 - Prob. 33PCh. 3 - Prob. 34PCh. 3 - Prob. 35PCh. 3 - Prob. 36PCh. 3 - Prob. 37PCh. 3 - Prob. 38PCh. 3 - Prob. 39PCh. 3 - Prob. 40PCh. 3 - Prob. 41PCh. 3 - Prob. 42PCh. 3 - Prob. 43PCh. 3 - Prob. 44PCh. 3 - Prob. 45PCh. 3 - Prob. 46PCh. 3 - Prob. 47PCh. 3 - Prob. 48PCh. 3 - Prob. 49PCh. 3 - Prob. 50PCh. 3 - Prob. 51CPCh. 3 - Prob. 52CPCh. 3 - Prob. 1RPCh. 3 - Prob. 2RPCh. 3 - Prob. 4RPCh. 3 - Prob. 1CPACh. 3 - Jane is 20 years old and is a sophomore at Lake...Ch. 3 - Prob. 3CPA
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Caden and Lily are divorced on March 3, 2018. For financial reasons, however, Lily continues to live in Cadens apartment and receives her support from him. Caden does not claim Lily as a dependent on his 2018 Federal income tax return but does so on his 2019 return. Explain.arrow_forwardEthan (single) purchased his home on July 1, 2009. He lived in the home as his principal residence until July 1, 2016, when he moved out of the home, and rented it out until July 1, 2018, when he moved back into the home. On July 1, 2019, he sold the home and realized a $184,500 gain. What amount of the gain is Ethan allowed to exclude from his gross income? (Enter only numbers with no dollar signs or other punctuation.)arrow_forwardJohn and Jill are a de facto couple who purchase a family home and a rental property in January 2018. They separate in August that year, with Jill getting the family home and John getting the rental property. John initially decides to keep the rental property as an investment, but later changes his mind when he finds it hard to pay the weekly outgoings on his own. John sells the rental property in January 2019. Is the sale subject to tax?arrow_forward
- Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2022). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. Shauna paid $4,730 for medical expenses for care related to a broken ankle in October. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. Shauna paid a total of $3,525 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,125 for the surgery (she received no insurance reimbursement). She also incurred $500 of other medical…arrow_forwardNicholas died on December 27, 2020. His wife, Jessica, has not remarried. On January 31, 2021, Jessica received a check from Party Central Inc. and a letter explaining that the check represents a final payment for contract work Nicholas performed for them in 2020. What is the correct and most favorable method of reporting this income? As ordinary income on Jessica's 2021 individual tax return. As income paid to Nicholas's estate, reported on Form 1041. On the couple's jointly filed 2020 return. If this was not included in the originally filed return, Jessica should file an amended return to include this income. On a 2021 final tax return for Nicholas that Jessica files on his behalf.arrow_forwardIn May, Jonathon left his wife Sarah. While the couple lives apart and has no contact with each other, they were not legally divorced. Sarah found herself having to financially provide for the couple's eleven year-old child. Sarah paid all the costs of maintaining the household. When it is time to complete their taxes Sarah has no idea how to get in contact with Jonathon. Considering these facts, what is Sarah's most favorable filing status? Group of answer choices Married Filing Jointly Head of Household Married Filing Separately Qualifying Widow(er) Singlearrow_forward
- Doug and Tammy are not related and do not live together. Doug is employed and earns commission income. Tammy is an independent broker and earns commission income. Both maintain an office in their homes. Which of the following statements is false regarding the tax treatment of their incomes for 2020? (a) Tammy can incur a non-capital loss, but Doug cannot. (b) Tammy and Doug can deduct a portion of their property tax and house insurance (c) Tammy can deduct a portion of her home mortgage interest, but Doug cannot. (d) Tammy and Doug can claim CCA on their computers.arrow_forwardCharles and his wife Diana divorced on May 1, 2022. During 2023, Charles made court-ordered alimony payments in the amount of $7,000. His alimony payments are: A) Included in the income on Diana's return B) Excluded from the income on Diana's return C) Calculated as a deduction on Charles' return OD) Categorized as a credit on Charles' return Back Submit All Nearrow_forwardShauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn’t sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. Shauna paid $4,680 for medical expenses for care related to a broken ankle. Also, Shauna’s boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor’s office so she could receive care for her broken ankle. Shauna paid a total of $3,400 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,000 for the surgery (she received no insurance reimbursement). She also incurred $450 of other medical expenses…arrow_forward
- Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2022). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. a. Shauna paid $4,708 for medical expenses for care related to a broken ankle in October. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. b. Shauna paid a total of $3,470 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle. Shauna had Lasik eye surgery last year and paid $3,070 for the surgery (she received no insurance reimbursement). She also incurred $478 of other…arrow_forwardWhitley and Maggie Sweeney are a married couple filing jointly. They have no children and report the following items in 2017: (Click the icon to view the items reported in 2017.) Read the requirements. F (Click the icon to view the 2017 personal exemption schedule.) Requirement a and b. What is the Sweeney's AMT liability? What would be Whitley's AMT liability if he were an unmarried taxpayer filing single with a regular tax liability of $11,739? Select the labels and complete the table below to determine the Sweeney's alternative minimum tax (AMT). there is no AMT liability.) Plus: Alternative minimum taxable income (AMTI) Minus: Alternative minimum tax base amount (Click the icon to view the 2017 AMT exemption amounts.) Tentative minimum tax Minus: Alternative minimum tax (AMT) (a) Sweeney's AMT % (b) Whitley's AMT % (i) Data Table Taxable income Tax preferences AMT adjustments related to itemized deductions Regular tax liability Requirements Print Done Print $ Done x 64,000 24,000…arrow_forwardJerry and Elizabeth divorced in 2018 and do not live together. Elizabeth has custody of their child, Art, and Jerry pays Elizabeth $22,000 per year. All property was divided equally. How much should Elizabeth include in income if $12,000 of Jerry’s payments is designated as “nonalimony” in the divorce decree?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT
Individual Income Taxes
Accounting
ISBN:9780357109731
Author:Hoffman
Publisher:CENGAGE LEARNING - CONSIGNMENT
How to Calculate your Income Tax? Step-by-Step Guide for Income Tax Calculation; Author: ETMONEY;https://www.youtube.com/watch?v=QdJKpSXCYmQ;License: Standard YouTube License, CC-BY
How to Calculate Federal Income Tax; Author: Edspira;https://www.youtube.com/watch?v=2LrvRqOEYk8;License: Standard Youtube License