Exam (elaborations)
VITA Basic Prep, VITA Basic Course Scenarios and Test Questions and Complete Solutions Graded A+
- Course
- Institution
VITA Basic Prep, VITA Basic Course Scenarios and Test Questions and Complete Solutions Graded A+
[Show more]
Content preview
VITA Basic Prep, VITABasic Course Scenarios
and Test Questions and
Complete Solutions
Graded A+
If your filing status is single and you are under 65 at the end of 2022, file a return if your income was at
least: - Answer: $12,950
If your filing status is single and you were 65 or older at the end of 2022, file a return if your income was
at least: - Answer: $14,700
If your filing status is married filing jointly and you were under 65 (both spouses) at the end of 2022, file
a return if your income was at least: - Answer: $25,900
If your filing status is married filing jointly and you were 65 or older (one spouse) at the end of 2022, file
a return if your income was at least: - Answer: $27,300
If your filing status is married filing jointly and you were 65 or older (both spouses) at the end of 2022,
file a return if your income was at least: - Answer: $28,700
If your filing status is married filing separately and you were any age at the end of 2022, file a return if
your income was at least: - Answer: $5
If your filing status is head of household and you were under 65 at the end of 2022, file a return if your
income was at least: - Answer: $19,400
,If your filing status is head of household and you were 65 or older at the end of 2022, file a return if your
income was at least: - Answer: $21,150
If your filing status is qualifying surviving spouse and you were under 65 at the end of 2022, file a return
if your income was at least: - Answer: $25,900
If your filing status is qualifying surviving spouse and you were 65 or older at the end of 2022, file a
return if your income was at least: - Answer: $27,300
If you were born on _________ you are considered to be age 65 at the end of 2022 - Answer: January 1,
1958
Gross income includes... - Answer: All income you received in the form of money, goods, property, and
services that isn't exempt from tax, including any income from sources outside the United States or from
the sale of your main home (even if you can exclude part or all of it).
Do not include any social security benefits unless - Answer: | you are married filing a separate return
and you lived with your spouse at any time in 2022 or
| one-half of your social security benefits plus your other gross income and any tax-exempt interest is
more than $25,000 ($32,000 if married filing jointly).
Single Dependents Either 65 or over or blind must file a return if: - Answer: You must file a return if any
of the following apply.
1. Your unearned income was over $2,900 ($4,650 if 65 or older and blind).
2. Your earned income was over $14,700 ($16,450 if 65 or older and blind).
3. Your gross income was more than the larger of —
a. $2,900 ($4,650 if 65 or older and blind) or
b. our earned income (up to $12,550 plus $2,150 ($3,900 if 65 or older and blind).
Single Dependents Under 65 and not blind must file a return if: - Answer: You must file a return if any of
the following apply.
, 1. Your unearned income was over $1,150.
2. Your earned income was over $12,950.
3. Your gross income was more than the larger of —
a. $1,150, or
b. Your earned income (up to $12,550 plus $400).
Married Dependents Either age 65 or older or blind must file a return if: - Answer: You must file a return
if any of the following apply.
1. Your unearned income was over $2,550 ($3,950 if 65 or older and blind).
2. Your earned income was over $14,350 ($15,750 if 65 or older and blind).
3. Your gross income was at least $5 and your spouse files a separate return and itemizes deductions.
4. Your gross income was more than the larger of —
a. $2,550 ($3,950 if 65 or older and blind), or
b. Your earned income (up to $12,550 plus $1,800 ($3,200 if 65 or older and blind).
Married Dependents Under age 65 and not blind must file a return if: - Answer: You must file a return if
any of the following apply.
1. Your unearned income was over $1,150.
2. Your earned income was over $12,950.
3. Your gross income was at least $5 and your spouse files a separate return and itemizes deductions.
4. Your gross income was more than the larger of —
a. $1,150, or
b. Your earned income (up to $12,550 plus $400).
Other situations you should file in: - Answer: 1. You owe any special taxes, including any of the following.
a. Alternative minimum tax (Out of Scope).
b. Additional tax on a qualified plan, including an individual retirement arrangement (IRA), or other tax-
favored account. But if you are filing a return only because you owe this tax, you can file Form 5329 by
itself.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
