7. Sara earned $2,500 as a life guard over the summer. This was her only job and income taxes were deducted from her paychecks by her employer. For filing a tax return, what should Sara do?
Sara should send a check for $50 to the IRS in case the employer didn't take out enough taxes.
Sara should not file a tax return. Sara is legally not required to file because her income is less than the minimum requirement for filing.
Sara should report this income on her parents tax return since she is still living at home.
Sara should file a tax return. Sara is not legally required to file because her income is less than the minimum requirement for filing, but if she does, she can get all of her taxed money refunded.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “7. Sara earned $2,500 as a life guard over the summer. This was her only job and income taxes were deducted from her paychecks by her ...” 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
Your firm is considering opening a branch office in Kyle. The office would cost $485,000 to build the office.
Answers (1)
EyeCare Corporation issued 10,000 shares of 7%, $100 par value preferred stock at the beginning of Year 1. The company did not pay dividends in Year 1.
Answers (1)
In what way is interviewing superior to observation alone? a. in interviewing, the style or training of the assessor has little impact on the data collected. b.
Answers (1)
When regulators engage in macroprudential regulation, they focus on A. the credit standards of all loans held by the financial institution B. the safety and soundness of each liability of the financial institution C.
Answers (1)
All of the following are stakeholders of a firm, except
Answers (2)
New Questions in Business
The relationship between the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) can best be described as A. MPC + MPS = 1. B. MPC = 1minusMPS. C. MPS = 1minusMPC. D. All of the above.
Answers (2)
Review the passage below and answer the question that follows. jane doe 1000 west pearl avenue lacy, oh 43210 november 1, 2010 henry masters manager, kool games inc. 3101 east swan blvd. palmdale, ca 93518 dear mr.
Answers (1)
Just before the close, the buyer noticed a broken window and a mandoor hanging by one hinge in the detached garage, her inspector had missed these as he considered outbuildings as outside the scope of the inspection. What is the buyer's recourse?
Answers (1)
Clark claimed the standard deduction in the previous tax year. In the current year, he received a state income tax refund of $900, plus interest of $10, from the withholding of his previous year's state income taxes.
Answers (1)
You would like to combine a risky stock with a beta of 1.87 with U. S. Treasury bills in such a way that the risk level of the portfolio is equivalent to the risk level of the overall market.
Answers (1)