QUESTIONS WITH VERIFIED ANSWERS GRADED A+ ASSURED
SUCCESS !!
What amount of gambling losses is Michael eligible to claim as a
deduction on
his Schedule A? - ANSWER-
$1000
Sean is not required to file a tax return because he has enough tax
withholding
to cover his tax liability. -
ANSWER-False
Which of the following is not a requirement for Sean to claim the
earned income credit as a single person with no qualifying
children in 2021? - ANSWERSean must be at least age 25 but
under age 65 on December 31.
What is the taxable portion of Tara's pension from Oak
Enterprises using the
, simplified method? - ANSWER-
$18,035
None of Tara's social security income is taxable. - ANSWER-
False
What is the total amount of other income reported on the
Washingtons' Form
1040, Schedule 1 ? - ANSWER-
$3,900
. Gilbert is eligible to deduct $500 as an adjustment to income
on Form 1040,
Schedule 1 for qualified educator expenses. -
ANSWER-False
The Washington's standard deduction on their 2021 tax return is
$________. -
ANSWER-
26450
The total qualified expenses for the American Opportunity
Credit are $