Which of the following individuals are required to file a taxreturn for 2008? Sh

Question

Which of the following individuals are required to file a taxreturn for 2008? Should any of these individuals file areturn even if filing is not required? Why?

a)    Sam is married and files a joint return withhis spouse, Lana. Both Sam and Lana are 67 years old. Theircombined gross income was $20,200.

b)   Ronald is a dependent child under age 19 whoreceived $5,400 in wages from a part-time job.

c)    Mike is single and is 67 years old. His grossIncome from wages was $10,100.

d)   Patricia, age 19, is a self-employed singleindividual with gross income of $4,500 from an unincorporatedbusiness. Business expenses amounted to $4,000.

Explanation / Answer

a) with no other information, The should file areturn.....they will owe taxes :
b)A dependentchild who hasnot received any investment income, musthave earned income of atleast $5450 in order to have to file. No sense in filing withgiven info (no tax credit) :
c)doesnt have to file and with given info no need to file (no taxcredit) : d)Patricia needs to file because of self employmenttaxes :
c)doesnt have to file and with given info no need to file (no taxcredit) : d)Patricia needs to file because of self employmenttaxes

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