Topic
Q:
A part-time receptionist made \( \$ 9101.99 \) last year. If he claimed himself as an
exemption for \( \$ 3650 \) and had a \( \$ 5700 \) standard deduction, what was his
taxable income last year?
A. \( \$ 5451.99 \)
B. \( \$ 3401.99 \)
C. \( \$ 248.01 \)
D. \( \$ 0 \)
Q:
A single person who wishes to claim a standard deduction and no additional
adjustments on his or her federal tax return should use which tax form?
A. 1040
B. \( 1040 E Z \)
C. \( W-2 \)
D. \( W-4 \)
Q:
According to the Income section shown below from the 1040 EZ form, if
\( \$ 4675 \) were entered on which line would the taxpayer be ineligible to use the
form?
Q:
Last year, a married couple had their first child. Should they file their federal
income tax return using the 1040 EZ form instead of the 1040 form?
A. Yes, partly because they will not be able to claim a dependent.
B. No, partly because they will be able to claim a dependent.
C. No, partly because they will not be able to claim a dependent.
D. Yes, partly because they will be able to claim a dependent.
Q:
Spencer is a single father of two kids. He made \( \$ 50,000 \) last year, and
received \( \$ 1,00 \) in interest from a CD he has. He plans to file his federal
income tax return using the Head of Household filing status. Which factor
makes him ineligible to use a \( 1040 E Z \) form?
A. His income
B. The interest he earned from a CD
C. His filing status
D. None of the above
Q:
Which individual is eligible to use a 1040EZ form when filing a federal income
tax return?
A. Head of a household
B. Single person, with no dependents
C. Single person, with no dependents, who made \$150,000 last year
D. Married person filing separately
Q:
What will be the end result for the taxpayer who filed his federal income tax
eturn using the 1040 EZ form shown below?
Q:
How many different tax brackets are there in the United States currently?
A. 1
B. 35
C. 10
D. 6
Q:
Pedro pone MXN 2500 (pesos mexicanos) en una anualidad que paga 2.8\% de interés anual
capitalizable mensualmente durante cinco años. Halle cuánto ha ahorrado al final de los cinco
años.
Q:
Isabela had a taxable income of \( \$ 82,350 \) and filed her federal income tax
return with the Single filing status. Using the table below find the amount she
has to pay in taxes.
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