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Homework answers / question archive / how can i get the answers for this question? 14

how can i get the answers for this question? 14

Law

how can i get the answers for this question? 14. Ella's disability pension is reported as wages and considered earned income for the purposes of the earned income tax credit. a. True b. False 15. Amounts paid for room and board and meal plan are qualified education expenses for claiming the American opportunity credit. a. True b. False 16. How much of Noah's Social Security is taxable? a. $0 b. $6,851 c. $2,175 d. $31,000 17. What is the amount of Noah and Ella's standard deduction? $________. 18. Which of the following items are included in the total payments on Noah and Ella's tax return? a. Federal income tax withheld from Forms W-2 and 1099 b. $500 estimated tax payment c. Refundable credits d. All of the above 19. Leo and Freddie are dependents on Noah and Ella's 2019 tax return. a. True b. False 40 Basic Scenarios Basic Scenario 7: Evie Adams Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINs), replace the Xs as directed, or with any four digits of your choice. Interview Notes • Evie is single and has two young girls, Poppy and Lily, who lived with her all year. • Evie paid more than half of the support for her daughters and all the cost of keeping up the home. • Evie was unemployed for two months (March and April). She cashed in her 401(k) and used the money to pay for living expenses. • Evie is paying off a student loan that she took out when she attended college for her bachelor's degree. • She took some courses this year at Southwest College to improve her job skills as an educator. She did not receive a Form 1098-T for 2018. • Evie was an elementary school teacher from May to December and paid $550 out of pocket for classroom supplies. • She went to the local casino and won some money in 2019. During the interview she mentions that she had gambling losses of $700. 20. What is the total amount of adjustments on Evie's tax return? a. $250 b. $600 c. $850 d. $1,550 21. What is the lifetime learning education credit amount on Evie's tax return? $________. 22. What is the total federal income tax withheld on Evie's tax return? $_______. 23. What is the amount of gambling winnings reported on her 2019 return? a. $0 b. $1,300 c. $2,000 d. $3,200 24. Evie is eligible to claim which of the following credits on her 2019 tax return? a. Child and dependent care credit b. Child tax credit c. Earned income tax credit d. All of the above 25. Evie must pay an additional tax on the early distribution from her 401(k) of: a. 0% b. 5% c. 10% d. 15%

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