1) Cheryl is claimed as a dependent on her parents' tax return. She had a part-time job during 2012 and earned $4,900 during the year, which was her only income. What is her standard deduction?
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A)
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$950
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B)
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$4,900
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C)
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$5,200
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D)
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$5,950
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2) Amber supports four individuals: Erin, her stepdaughter, who lives with her; Amy, her cousin, who lives in another state; Britney, her friend, who lives legally in Amber's home all year long; and Charlie, her father, who lives in another state. Assume that the dependency requirements other than residence are all met. How many personal and dependency exemptions may Amber claim?
A) 2
B) 3
C) 4
D) 5
3) Tony supports the following individuals during the current year: Miranda, his former mother-in-law who lives in her own home and has no gross income; his cousin, Jeff, age 23, who is a full-time student, earns $7,000 during the year, and lives with Tony all year long; and Matt, age 22, who is Tony's brother, is a full-time student living on campus and earns $8,000 during the year. How many dependency exemptions may Tony claim?
4) David's father is retired and receives $14,000 per year in social security benefits. David's father saves $4,000 of the benefits and spends the remaining $10,000 for his support. How much support must David provide for his father to meet the dependent support requirement?
A) $10,000
B) $10,001
C) $14,000
D) $14,001
5) You may choose married filing jointly as your filing status if you are married and both you and your spouse agree to file a joint return. Which of the following facts would prevent you from being considered married for filing purposes?
A) You were married for several years, but your divorce became final in December.
B) You are married but living apart until some problems can be solved.
C) Your spouse died during the year but the executor of the estate has agreed to the filing of a joint return.
D) None of the above.
6) In 2009, Leo's wife died. Leo has two small children, ages 2 and 4, living at home whom he supports entirely. Leo does not remarry and is not claimed as a dependent on another's return during any of this period. In 2010, 2011, and 2012, Leo's most advantageous filing status is, respectively
A) single for all three years.
B) head of household for all three years.
C) surviving spouse, surviving spouse, head of household
D) surviving spouse, surviving spouse, single.
7) Sally, divorced in 2010, maintains her home in which she and her sixteen-year-old daughter resided for 2011 and 2012. The daughter is a qualified child. Sally signed the dependency exemption over to her ex-spouse. What is Sally's filing status for 2012 and how many exemptions may she claim?
A) single and one
B) surviving spouse and one
C) head of household and one
D) head of household and two
8) In October 2011, Joy and Paul separated and have not lived with each other since, but they are still married. Joy supports their children after the separation and pays the cost of maintaining their home. Joy's filing status in 2011 and 2012 is, respectively.
A) single for both years
B) head of household and single.
C) married filing separately for both years.
D) married filing separately and head of household.
9) Michelle, age 20, is a full-time college student with earned income from wages of $5,200 and interest income of $700. Michelle's parents provide more than half of Michelle's support. Michelle's taxable income is
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A)
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$0.
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B)
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$100.
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C)
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$400.
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D)
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$5,700.
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