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FEDERAL INCOME TAX EXAM 1 QUESTIONS | TESTED AND PROVEN ANSWERS | LATEST UPDATE 2024/2025 100% (GRADE A+)

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FEDERAL INCOME TAX EXAM 1 QUESTIONS | TESTED AND PROVEN ANSWERS | LATEST UPDATE 2024/2025 100% (GRADE A+) FEDERAL INCOME TAX EXAM 1 QUESTIONS | TESTED AND PROVEN ANSWERS | LATEST UPDATE 2024/2025 100% (GRADE A+)

Institution
FEDERAL INCOME TAX
Module
FEDERAL INCOME TAX

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FEDERAL INCOME TAX EXAM 1 QUESTIONS | TESTED
AND PROVEN ANSWERS | LATEST UPDATE
2024/2025 100% (GRADE A+)
Bob provides more than half of his mother's support. His mother earns $6,000 per year as a

hairdresser. She lives in an apartment across town. Bob is unmarried and has no children. What is

Bob's most advantageous filing status?


Ans>> Single




Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does

not have any gross income. Jane spends the holidays and summers at home with her parents. Her

total support for the current tax year is $30,000, including a scholarship for $5,000 to cover her

tuition. Jane used $12,000 of her savings, and her grandparents provided $13,000. Which of the

following statements is true regarding identifying Jane as a dependent?


Ans>> Jane's grandparents cannot claim her as a dependent because Jane provided more than

half of her own support.




In the current tax year, Blake Smith provided more than half of the support for his cousin Nico,

niece Summer, and Marilyn, a close family friend. Blake lives alone and sends a monthly support

check to each person. None of the individuals whom Blake supports has any income or file a tax

return. All three individuals are U.S. citizens. Which of the three people Blake supports qualifies

as a dependent on his Federal income tax return?
1

, Ans>> Summer




Which of the following taxpayers may file as a head of household in 2018?




Marco provides all the support for his mother, Sienna, who lives by herself in an apartment in Fort

Lauderdale. Marco pays the rent and other expenses for the apartment and properly claims his

mother as a dependent.




Tammy provides over one-half the support for her 18-year old brother, Dan. Dan earned $4,200

in 2018 working at a fast food restaurant and is saving his money to attend college in 2019. Dan

lives in Tammy's home.




Juan's wife left him late in December of 2017. No legal action was taken and Juan has not heard

from her in 2018. Juan supported his 6-year-old son, who lived with him throughout 2018.


Ans>> Marco, Tammy, and Juan




Jeremy is married to Amy, who abandoned him in 2017. He has not seen or communicated with

her since April of that year. He maintains a household in which their son, Evan, lives. Evan is age

25 and earns over $6,000 each year. For tax year 2018, Jeremy's filing status is:

2

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Institution
FEDERAL INCOME TAX
Module
FEDERAL INCOME TAX

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