Business, 15.02.2021 19:50 emilypzamora11

Marsha is 23 years old and single. She cannot be claimed as a dependent by another taxpayer. Marsha earned wages of $18,500 and had $1,500 of federal income tax withholding in tax year 2020. a. Marsha gave birth to Shelby on November 10, 2020.
b. Marsha paid all the cost of keeping up a home and support for Shelby.
c. Shelby and Marsha are U. S. citizens and have valid Social Security numbers.
d. Marsha filed Single with no dependents on her 2019 tax return and received a $1,200 Economic Impact Payment in May 2020.

Which of the following statements is true?
1. Marsha is required to file a tax return.
2. Marsha is not required to file a tax return, but should file a tax return to claim a refund of her federal income tax withholding.
3. Marsha does not qualify for the earned income credit because she is under the age of 25.
4. Both a and c.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:30, j1theking18

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Answers: 1

continue

Business, 22.06.2019 11:00, sbelgirl2000

Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is

Answers: 1

continue

Business, 22.06.2019 14:30, crystalryan3797

What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695

Answers: 2

continue

Business, 22.06.2019 16:40, kyleap984ovm04g

Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.

Answers: 1

continue

You know the right answer?

Marsha is 23 years old and single. She cannot be claimed as a dependent by another taxpayer. Marsha...