Exam 2: Expanded Tax Formula, Forms 1040a and 1040, and Basic Concepts

A married couple in the process of obtaining a divorce cannot file a joint tax return.

The additional standard deduction amount for a taxpayer who is 65, single and blind is:

Elisa is 21 years of age and a full-time student living with her parents. She had wages of $680 ($70 of income tax withholding) for 2015. Can Elisa claim her exemption on her return even though her parents will claim her as a dependent on their tax return?

The IRS can assess criminal penalties if fraud is found on a tax return. Name and describe at least two of those criminal penalties.

Robin's parents can claim him as a dependent on their tax return. In 2015, his only source of income was a part-time job as a supermarket clerk where he earned $3,200 during the year. What is Robin's standard deduction?

A qualifying child does not have to meet the support test in order to be claimed as a dependent.

Can the taxpayer avoid the failure to pay on time penalty by just filing an automatic extension to file his or her tax return?

To qualify for head of household status, a taxpayer must maintain a household that is the principal place of abode of a qualifying person for more than half the year.

A taxpayer who either is 65 or older or blind can claim an additional standard deduction.

List and describe the four tests that a person must meet to qualify as a qualifying relative.

The IRS can impose a _______ penalty on any portion of understatement of tax that is attributable to fraud.

A taxpayer can be claimed as a dependent on another return and still he or she can claim a personal exemption on his or her tax return.

A taxpayer may request an automatic seven-month extension of time to file his or her tax return.

Criminal penalties only apply to:

Which amount represents the standard deduction for a taxpayer who is single and 68 years of age?

Even though the taxpayer is claimed as a dependent on another tax return, he or she can still receive an exemption amount for himself or herself when filing his or her tax return.

To be a qualifying relative, the taxpayer must meet three general tests and four specific tests. Which one is part of the four specific tests?

A qualifying relative must earn less than _____ for the year 2015.

The taxpayer's spouse died at the beginning of 2015. He has no qualifying child. Which status should the taxpayer select when filing his tax return?

On December 31, 2015, a taxpayer received the notification that he was legally divorced. However, he lived with his spouse for 8 months during 2015. He has no dependent children. What status should he select when filing his tax return for 2015?