The tax liability for a married couple with taxable income of $73,209 is: Multip

Question

The tax liability for a married couple with taxable income of $73,209 is:

Multiple Choice

$14,043.

$10,049.

$14,045.

$10,051.

.

.

Jane, Joseph and John are supporting their father who lives in a separate apartment. Their contribution towards his support is 10%, 35% and 55%, respectively. In a multiple support agreement, who would be entitled to claim the father as a dependent?

Multiple Choice

Jane, Joseph or John.

Jane.

None of these.

Joseph or John.

.

.

Mirtha is 21 years of age and a full-time student living by herself. She had wages of $25,000 for 2017 and provided more than half of her own support. Can Mirtha claim the exemption for herself on her tax return?

Multiple Choice

Mirtha's parents can claim the exemption.

Yes, Mirtha can claim the exemption.

No one can claim the exemption for Mirtha.

Both, Mirtha and her parents can claim the exemption.

Explanation / Answer

1. Answer is option B $10,049

Using 2017 tax rate schedule

1865 + (73209-18650)*15% = 10048.85 = 10049

2. Answer is option C None of these. Father does live any of them.

3. Answer is option B Yes, Mirtha can claim the exemption.

Mirtha can claim the exemption because she provided more than half of her support.

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