Income
Taxes
Dependents
Credits
Everything Else
100
$ 10,394
What is taxable income for taxpayer with the following entries: $ 10,000 Wages $ 144 Interest $ 250 Dividends
300
Employers matching contribution to employees 401k plan.
What is NOT a contribution for claiming the savers credit?
500
$ 41,000
What is the AGI for the taxpayer with: Wages: $40,500 Municipal bond Interest: $ 115 Lottery Winning: $ 500 Gift: $ 3,000
500
$ 1,950
What is the state tax deduction on Schedule A, line 5 with these payments: $ 700 4/13/2013 $ 750 6/12/2013 $ 500 9/15/2013 $ 825 1/11/2014
500
Two (John and the child. The girlfriend made too much money and can not be a dependent)
What is the number of dependents for this taxpayer: John lived all year with his girlfriend and his girlfriend's daughter. John is not the child's father, not in the process of adopting the child, and child not placed by an authorized agency. John provided more than 50% support for all. John's wages, $ 27,000, girlfriend's wages, $ 3,951.
500
Lifetime Learning, Tuition and Fees Deduction or Schedule A Miscellaneous deduction.
What is the Education deduction that can be used under these circumstances: Mary is single, spent $4,000 for tuition to attend college. Mary is not a degree candidate, but the courses were job related.
500
$ 5,400
What is the alimony deduction for the taxpayer who had a divorce decree that states they will pay $ 700 per month until their daughter reaches 21, then payment will be reduced to $ 450 per month. Taxpayer only paid $ 6,300.
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