1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VashaNatasha [74]
2 years ago
11

1. Which of the following people is/are legally required to file a tax return?

Business
1 answer:
mr_godi [17]2 years ago
4 0

These people are legally required to file tax return.

Greg, who can be claimed as a dependent and earned $12,650 last year.

Erin, who cannot be claimed as a dependent and earned $14,000 last year.

<h3>What is tax return?</h3>

Tax return is a form that is filled by tax payer which contain income, expenses or tax information .

This enable the tax payer to calculate their tax liability, tac expenses or schedule.

Those that can required to file tax return are ;

  • A single person Under 65 of ageand income of $12,550
  • 65 or older with income $14,250
  • Married filing jointly Under 65 (both spouses) $25,100
  • 65 or older (one spouse) with income $26,450
  • 65 or older (both spouses) with income of $27,800
  • Married filing separately Any age $5
  • Head of household Under 65 with income of $18,800
  • 65 or older with income $20,500
  • Qualifying widow(er) Under 65 with income of $25,100.
  • 65 or older.

Therefore,

These people are legally required to file tax return.

  • Greg, who can be claimed as a dependent and earned $12,650 last year.
  • Erin, who cannot be claimed as a dependent and earned $14,000 last year.

For more details on tax return check the link below.

https://brainly.com/question/28504589.

You might be interested in
A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do
maxonik [38]

Answer:

FALSE

Explanation:

It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.

The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.

A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue

3 0
3 years ago
Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several cre
BartSMP [9]
All of the above josehernandez2017!

6 0
3 years ago
Jordan, Inc., holds 75 percent of the outstanding stock of Paxson Corporation. Paxson currently owes Jordan $400,000 for invento
Marat540 [252]

Answer:

Because this is an inter-entity balance then the amount that should be eliminated of this debt is the letter D. all the $400,000.

Explanation:

Inter entity balance facilitates the management of allocations and transfers between entities. They provide a better control over transactions spanning multiple entities, other benefit is that the accuracy of the financial data improves and finally and this is why the anser is option D. is that it keeps each entity in balance

4 0
2 years ago
In a merger or acquisition, an asset should be acquired if it: is a firm in the same line of business in which the acquirer has
Scorpion4ik [409]

It generates a positive net present value to the shareholders of an acquiring firm.

<h3>Why Do Companies Merge With or Acquire Other Companies?</h3>

Mergers and acquisitions (M&As) are the acts of combining two or more companies or assets in order to stimulate growth, gain a competitive advantage, increase market share, or influence supply chains.

KEY LESSONS

  • Mergers and acquisitions (M&As) are the acts of combining two or more companies or assets in order to stimulate growth, gain a competitive advantage, increase market share, or influence supply chains.

  • A merger is the joining of two companies in which one of the companies ceases to exist after being absorbed by the other.

  • A merger occurs when one company acquires a majority stake in the target company, which keeps its name and legal structure.

To learn more about merger and acquisition from the given link

brainly.com/question/14195407

#SPJ4

4 0
2 years ago
Since commercial finance companies offer loans to higher-risk customers than commercial banks, the interest rates they charge ar
Bas_tet [7]

Answer:

The correct answer is (A)

Explanation:

Commercial finance is another way to generate funds, but they come with certain drawbacks compared to commercial banks. Commercial finance usually give loans to customers who are interested in more risky investments.  The interest they charge is usually higher which can only be paid if a client invests in riskier investments to earn higher returns.

3 0
3 years ago
Other questions:
  • Your grandfather tells you that he earned $7,000/year in his first job in 1961. You earn $35,000/year in your first job in 2016.
    11·1 answer
  • Games like "dungeons and dragons," which involve active use of the imagination, have been popular among adolescents for some tim
    10·1 answer
  • In which of the following situations would you prefer to be the​ lender? A. The interest rate is 4 percent and the expected infl
    5·1 answer
  • When kam, a marketing manager, drafts an email to communicate to his sales team the targets for the upcoming months, he is engag
    15·1 answer
  • Assume a $1,000 Treasury inflation-protected bond has a 2 percent coupon and a face value at issuance of $1,000. The reference C
    13·1 answer
  • Which statement is true?
    7·1 answer
  • During the year just ended, Shering Distributors, Inc., had pretax earnings from operations of $490,000. In addition, during the
    5·1 answer
  • You are considering a project in Norway with an initial cost of NKr135,000. The project is expected to return a one-time payment
    7·1 answer
  • Suppose you believe that Florio Company's stock price is going to decline from its current level of $82.50 sometime during the n
    10·1 answer
  • If the financial markets are efficient, then investors should expect their investments in those markets to?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!