Question

please answer all

14. Barry is age 45 & a single taxpayer. In 2016, he has gross income of $17,000 & itemized deductions of $6,500. If Barry claims one exemption on his 2016 income tax return, What is his personal exemption amount? (Points : 1)

$4,000
$3,900
$4,050
$3,950

Question 15.15. Mary is age 33 & a single taxpayer with adjusted gross income for 2016 of $29,400. Mary maintains a home for three dependent children and has itemized deductions of $3,000. What are the number of exemptions she can claim? (Points : 1)

4
5
6
None of the above

Question 16.16. Betty, age 39 & Steve, age 50, are married with 2 dependent children. They file a joint return for 2016. Their income from salaries totals $155,000; they receive $1,000 in taxable interest and $2,000 in royalties. Their deductions for adjusted gross income amount to $3,100; they have itemized deductions totaling $41,000. What is their adjusted gross income? (Points : 1)

$158,000
$154,900
$97,700
None of the above

Question 17.17. Melissa is a 35-year-old single taxpayer with adjusted gross income of $49,600. She uses the standard deduction and has no dependents. What is her adjusted gross income? (Points : 1)

$39,250
$39,300
$39,400
None of the above

Question 18.18. Theodore, age 74, & Maureen, age 59, are married taxpayers with 2 dependents. Their adjusted gross income for the 2016 tax year is $43,600, & they have itemized deductions of $7,800. What the number of exemptions for their 2016 income tax return? (Points : 1)

4
5
6
2

Question 19.19. The standard deduction is a flat amount, varying based on a taxpayer’s filing status, age, and vision which is deducted from adjusted gross income along with a taxpayer’s exemptions to arrive at taxable income. (Points : 1)

True
False

Question 20.20. Debra, age 68, & Jerry, age 70, are married & file a joint return. They received $24,000 in interest income from a savings account. Are they required to file a tax return for 2016? (Points : 1)

Yes
No

Question 21.21. Margie is a single taxpayer with wages in 2015 of $8,400 & interest income of $200. Is she required to file a tax return for 2016? (Points : 1)

Yes
No