Your friend Alice is a full-time college student, earned $4,000 working at the campus bookstore over two semesters last calendar year, and also got a part-time job as a cashier in February, earning $9,500. Alice knows that you have been learning about taxes in your personal finance lessons and asks you, "Do I need to file taxes this year? If I do, what is the process like?"
Determine if Alice needs to file taxes this year and explain your reasoning. If you conclude that Alice does need to pay taxes, explain what forms she will need, what the deadlines are, and what method you recommend she use to file her taxes.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Your friend Alice is a full-time college student, earned $4,000 working at the campus bookstore over two semesters last calendar year, and ...” 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
Which phrase describes the income effect? the effect of demand and supply on income earned by producers the impact of price on consumers' purchasing ability and decisions the increased income earned by suppliers because of high prices the impact of
Answers (1)
Which type of payment method will most likely be used for an auction on the Internet? debit card cash credit card online payment service
Answers (1)
After increasing the price of ceiling fans from $60 to $75, a firm finds that its sales decline from 100 to 80 units. the product's price elasticity (expressed as a positive number) is
Answers (1)
If the contract does not indicate where the goods will be delivered, then the place of delivery will be one of the following: a) the; b) the seller's, if the seller has no business location;
Answers (1)
Newly issued securities are sold to investors in which markets?
Answers (2)
New Questions in Business
Re-Up Enterprises has sales of $926,355, costs of goods sold of $613,500, inventory of $189,880, and accounts receivable of $78,580. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
Answers (1)
Which of the following is one of the main things to consider when evaluating a business opportunity?
Answers (1)
Analyzing Accounts Receivable Changes The comparative balance sheets of Sloan Company reveal that accounts receivable (before deducting allowances) increased by $15,000 in 2013.
Answers (1)
The balance in the Accounts Receivable account decreased from $18,000 at the beginning of the month to $15,000 at the end of the month. Sales on account during the month totaled $130,000.
Answers (1)
A firm is considering a replacement project which requires the initial outlay of $300,000 which includes both an after-tax salvage from the old asset of $12,000 and an additional working capital investment of $8,000.
Answers (1)