hr. block income tax course 1-6
Five filing statuses - answer single, married filing jointly, married filing separate, head of
household, and qualifying widower
social Security tax withheld - answer6.2% up to 118,500 or 7347.00
Form 1099- G - answer Form for unemployment compensation
Medicare tax rate - answer1.45% or 1.45% + 0.9% if the income is over 200,000
Gross Income - answer Total worldwide income subject to tax
Form 4852 - answer Substitute for w-2 and tax statement l, or 1099-R
Firm 1095B - answer Provided by the insurance provider to the taxpayer
Firm 1095C - answer Provide by the employer with 50 or more applicable full time
employees to the taxpayer
Community property based on Spanish Civil law - answer income received for services
performed is considered to belong half to the spouse and half to the other spouse.
British common law - answerMost states regarding the ownership and property are
based on British common law, these are known as separate property states. in separate
property states, income received belongs to the spouse who earned it or who owns the
property that produced the income.
Three factors determine the filing requirements for nindependents - answerFiling status,
age, gross income
Five filing status standard deductions - answersingle - 6300
married filing jointly 12600
married filing separately 6300
qualifying widower 12600
head of household 9300
employment compensation - answerwages, salaries, commission, bonuses, gifts or
more than minimal value received from and wmployer, tips, back pay, severance pay,
and vacation pay
- answer
Five filing statuses - answer single, married filing jointly, married filing separate, head of
household, and qualifying widower
social Security tax withheld - answer6.2% up to 118,500 or 7347.00
Form 1099- G - answer Form for unemployment compensation
Medicare tax rate - answer1.45% or 1.45% + 0.9% if the income is over 200,000
Gross Income - answer Total worldwide income subject to tax
Form 4852 - answer Substitute for w-2 and tax statement l, or 1099-R
Firm 1095B - answer Provided by the insurance provider to the taxpayer
Firm 1095C - answer Provide by the employer with 50 or more applicable full time
employees to the taxpayer
Community property based on Spanish Civil law - answer income received for services
performed is considered to belong half to the spouse and half to the other spouse.
British common law - answerMost states regarding the ownership and property are
based on British common law, these are known as separate property states. in separate
property states, income received belongs to the spouse who earned it or who owns the
property that produced the income.
Three factors determine the filing requirements for nindependents - answerFiling status,
age, gross income
Five filing status standard deductions - answersingle - 6300
married filing jointly 12600
married filing separately 6300
qualifying widower 12600
head of household 9300
employment compensation - answerwages, salaries, commission, bonuses, gifts or
more than minimal value received from and wmployer, tips, back pay, severance pay,
and vacation pay
- answer
