39. A taxpayer final status is married filing jointly they have a 1055 k-1 with foreign tax credit of 550 dollars in box 16 this amount is not showing as a credit on form 1040 is the following a possible reason for the problem.    A. Foreign taxes are always a deduction on schedule A  and they not a credit.

the form 1099 r evonne recieved has a code 4 in box 7 what amount it any will she need to pay as an additional tax on early distrutions

45. A taxpayer has a tax liability of 0 and no refunds due prior to a applying any tax credit will The following credits return a refund.   A. Premium tax credit    B. Adoption tax credit

47. Is this a requirement for a taxpayer to be eligible for the earned income tax credit for the tax year 2023.   A. A taxpayer must have been a US citizen or resident alien for the entire tax year.    B. A taxpayer has been a US citizen or residential alien with 6 months of the year.   C. Attacked her only has investment and retirement income to report.

Ma2.

1.

S1- Individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if their registration is non-VAT and their gross sales or receipts do not exceed the VAT threshold and their transactions are not exempted from business tax. S2-Non-individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if their registration is non-VAT and their gross sales or receipts do not exceed the VAT threshold and their transactions are not exempted from business tax. O $1 is true O Both arce true O Both are false 52 is true

I do not understand how to calculate the problems attached

A5

1. Which of the following is required to file an income tax return? A. An employee covered by the substituted filing system. B. A taxpayer deriving purely passive income subject to final tax. C. A special alien with respect to his compensation income. D. A non-resident citizen who derives his entire income form sources outside the Philippines. 2. The taxable income of a mixed income earner is the : A. Net income from business less personal exemption B. Net income from business C. Taxable compensation income D. Taxable compensation income plus net income from business.