In which of the following situations is the taxpayer not required to file a 2016 income tax return?
a. When an individual has a current year income tax refund and would like to obtain it.
b. When the taxpayer is a single 67-year-old with wages of $9,800.
c. When the taxpayer is a 35-year-old head of household with wages of $16,800.
d. When the taxpayer is a 69-year-old widow (spouse died 3 years ago) with wages of $16,500 and no dependents.
e. When the taxpayers are a married couple with both spouses under 65 years old with wages of $23,000.
b
You might also like to view...
Under both the direct and the indirect methods, every line of the income statement is converted to cash paid or received
Indicate whether the statement is true or false
The current ratio is one of the measures of__________ of the firm
Fill in the blank(s) with correct word
Selected information from the accounting records of the Clemens Company is as follows: Net accounts receivable at December 31 . 2013 .......... $ 900,000 Net accounts receivable at December 31 . 2014 .......... 1,000,000 Accounts receivable turnover .......................... 5 to 1 Inventories at December 31 . 2013 ...................... $1,100,000 Inventories at December 31 . 2014
...................... 1,200,000 Inventory turnover .................................... 4 to 1 What was Clemens' gross margin for 2014? a. $150,000 b. $200,000 c. $400,000 d. $500,000
When a bank pays a check on which the drawer's signature is forged, generally the customer suffers the loss
Indicate whether the statement is true or false