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tangare [24]
3 years ago
12

Wayne supported his daughter Carol, age 21, until her marriage in August 2018. Carol was full-time student for 5 months of 2018.

Carol and her husband both had parttime jobs adn had federal income tax withheld. their total AGI was $10000 in 2018. CAn Wayne claim Carol as a dependent on his 2018 return?a) Yes, as long as Carol and her husband are filing a joint return only to claim a refund of withholdings or estimated taxes paidb) No, she was married at the end of the year so is considered married for the entire year.c) No, not unless her husband files as singled) No, she is an adult and must file her own return
Business
1 answer:
allochka39001 [22]3 years ago
3 0

Yes, as long as Carol and her husband are filing a joint return only to claim a refund of withholdings or estimated taxes paid

Explanation:

There are many rules to claim one person as dependent.

Not Paid a joint tax return unless or it is just to claim a refund. But can have tax returns even married also.

While claiming a dependent as a children, the child should follow the following

  • The dependent must be a son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister.
  • The child must be 18 or younger or if a student should not exceed 24.
  • As a student, the child must have attended school full-time during at least five months of the year.
  • In this case Wayne can claim Carol as a dependent on his 2018 return because all of the rules are satisfied.
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State the following statement is True or False, and explain why. Thor who lives in Montana purchased a car produced in Japan for
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Answer:

false

His purchase left GDP unchanged

Consumption of non durables would increase.

Also, net export would decrease.

these effects would cancel out

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

3 0
3 years ago
Suppose that in 2011, per-person GDP in Singapore was $53,591, and in Egypt, it was $5,547, as measured in 2005 purchasing power
Lyrx [107]

Answer:

a. There are significant differences in incomes between high- and low-income countries.

Explanation:

Data provided in the question

Per person GDP in Singapore = $53,591

Per person GDP in Egypt = $5,547

Based on the above information

As we can see that the level of income in Singapore is higher than Egypt also when there is an important difference in the high income and low income countries the same is shown accurately

hence, the correct option is a.

5 0
3 years ago
The government tax for a sole proprietorships and a partnership is classified under
guapka [62]

Answer:

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7 0
3 years ago
Read 2 more answers
A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t
nalin [4]

Answer:

a. Cash for $180

Explanation:

The receipts from the petty cash fund indicate that the owner of the box made purchases adding up to $177. Therefore that money is no longer part of the fund. Since the fund holds $200 and currently only has $20 then to replenish the account the journal entry would need to include a credit to cash for $180 ... ($200-$20=$180)

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
A seller wants to sell her existing house and owes $290,000 on mortgage. At closing of the sale she will pay $1,400 in closing c
mote1985 [20]

Answer:

$ 363,880

Explanation:

The seller must cover the mortgage, closing costs, and brokerage fee. Once these expenses are covered, the down payment is added. This adds the minimum amount for the house price.

Mortgage      290,000  

Closing costs            1,400

Brokerage fee       <u>  17,400</u> (6% * 290,000)

<h3>Total Expenses 308,800</h3>

Down payment       <u>   55,000</u>

<h3><u>Minimun price</u>    363,880</h3>
6 0
3 years ago
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