7. John earned $2,500 as a life guard over the summer. This was his only job and income taxes were deducted from his paychecks by his employer. For filing a tax return, what should John do?
A. John should report this income on his parents tax return since he is still living at home.
B. John should not file a tax return. John is legally not required to file because his income is less than the minimum requirement for filing.
C. John should send a check for $50 to the IRS in case the employer didn't take out enough taxes.
D. John should file a tax return. He can then get all of his taxed money refunded.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “7. John earned $2,500 as a life guard over the summer. This was his only job and income taxes were deducted from his paychecks by his ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What does an organization use to identify a specific group of consumers by age, gender, income, or occupation?
Answers (1)
Given the equations for c , i , g , and nx below, what is the equilibrium level of gdp? c = 2,000 + 0.9y i = 2,500 g = 3,000 nx = 400
Answers (1)
Record the January 31, 2019 adjusting entry for the December 31, 2018 receipt of $3,000 from race participants for providing services for three races. One race is held on January 31, 2019 and the other two will be held in March 2019.
Answers (1)
One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs. The growth that arises from capital accumulation is not a free lunch. It requires that societyA. conserve resources for future generations. B.
Answers (1)
Assume the market value of Fords' equity, preferred stock, and debt are$6 billion, $2 billion, and $13 billion, respectively. Ford has a beta of 1.7, the market risk premium is 8%, and the risk-free rate of interest is 3%.
Answers (1)
New Questions in Business
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
When the Central Bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is A) following an expansionary monetary policy. B) following a contractionary monetary policy.
Answers (1)
Which types of food items have labor "built in" to their prices? a. make or buy items b. convenience items c. scratch items d. standard items?
Answers (2)
This is a type of individual retirement account that is usually not taxed when money is withdrawn from the account
Answers (1)