What filing status choices are available for married taxpayers

Q: What payroll taxes is the employer responsible for paying?

A: Employer payroll taxes: The taxes which the employer must pay to the employees with their salaries…

Q: Which of the following is paid by both the employer and the employee? Group of answer choices Social…

A: Payroll tax: Payroll taxes refer to the taxes which are equally contributed by employees and…

Q: Which of the following taxpayers is required to file a form 8862 to claim certain credits after…

A: An exemption known as a withholding allowance lowers the amount of income tax that an employer…

Q: When determining support for a qualifying child or qualifying relative dependent, which item is…

A: When determining if someone is your dependent for tax purposes, total support includes the amounts…

Q: What should be acknowledged in the employee written permission for employer optional deductions?

A: When an employer wishes to make optional deductions from an employee's wages or salary, it's…

Q: What are the Federal Income tax codes and regulations for Inmates ?

A: Federal Income Tax Code Federal income tax code are refer as the tax code of a government documents…

Q: What are child tax credits and payroll taxes? Explain the advantages and disadvantages. which…

A: Child Tax Credits  In America, child tax credits are given to every family in which dependent child…

Q: Explain what an experience or merit rating is and how it affects the amount paid by an employer for…

A: State Unemployment Insurances taxes: These are the taxes paid by the employer to the credit of the…

Q: Which of the following is an adjustment that will generally result in lower tax liability for an…

A: A tax is a charge which is levied by the government on the taxable income of a taxpayer. A tax…

Q: Which payroll tax is levied on both employers and employees? Both employees and employers are…

A: The payroll tax is required to be remitted to the government on the behalf of employee and is…

Q: What are the tax consequences of transfers between spouses incident to divorce?

A: Tax liability is the amount of tax owned in a given period by individuals and organisation to…

Q: What filing status choices are available for singles with children?  Be able to determine whether…

A: Single means being unmarried on the last day of the previous year. Unmarried also includes, divorced…

Q: Which of the following statements regarding Social Security benefits is true?   Question 14…

A: The objective of the question is to identify the correct statement about Social Security benefits…

Q: Wage and tax statatement data employer FICA Tax

A: We have the following information: Social Security Tax - 6%Medicare Tax - 1.5%

Q: Choose the response that accurately completes the following sentence. A taxpayer claiming the…

A: Correct option is 3 i.e.  Will receive a refund if the amount of the credit is larger than the tax…

Q: ERISA serves to protect retirement benefits of which employees? Select one: a. Private sector, but…

A: Retirement benefits refer to the benefits that are payable as a pension scheme to the members at…

Q: Work through the self-study problem in this section if you need to, but do not post your answer.…

A: Taxation on income is a type of direct taxation which is paid by citizens of a nation on the income…

Q: Identify and describe the followings that are exempted from taxation. a. Some persons based on…

A: Income tax- Income tax refers to the tax that is levied on the earnings/ income of a person or…

Q: Which of the following taxpayers may qualify for the Premium Tax Credit? Each purchased health care…

A: The Correct option is A that Alanis. She files single and her tax liability is zero.

Q: The number assigned to employers by the IRS for use in submitting and reporting tax payments is: O…

A: The Indian Revenue Service (IRS) is the largest Group A Central Service. It is one of the most…

Q: How does the Federal Unemployment Tax Act affect your place ofwork or prospective career?

A: The Federal Unemployment Tax Act (FUTA) is a United States federal law that imposes a federal…

Q: Manuel pays insurance premiums for his employees. What type of insurance premium is not deductible…

A: Non deductible insurance premium A individual insurance premium is the kind of insurance premium…

Q: what are the amounts taxed to eaxh of the beneficiarys

A: Tax refers to the financial charge that is compulsory which is levy or imposed on the taxpayer…

Q: Do income exclusions provide taxpayers “tangible” benefits Is the IRS appearing to be socially…

A: Net Income The net earnings a corporation receives from its business operations are known as net…

Q: Which of the following is NOT an option to file a federal tax return? Fill out the paper version of…

A: When filing a federal tax return, there are several accepted methods:Mailing a paper version of the…

Q: Who are considered “person” or “entities” or “taxpayers” for tax purposes? _____________________

A: The below mention definition of PERSON is as per Income Tax Act . As per income tax act , there are…

Q: Once a post-filing issue has been resolved to the satisfaction of both the taxpayer and the Tax…

A: The duration for which an authorization form should remain open after a post-filing issue has been…

Q: With respect to qualified retirement plans, nondiscrimination rules prohibit employers from giving…

A: Non discriminatory rules prohibit a Company to give preferential treatment to some of its key…

Q: qualifying individual for the purposes of the child and dependent care expenses credit includes all…

A: The dependent care expense credit is a tax credit that can help working taxpayers cover the cost of…

Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.