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Does a 17-year-old who lives at home and earned only 2000 income have to claim 560 interest earned on a CD?
Yes the interest will be entered on the interest income line of the child 1040 tax form that the child qualifies to use. If qualifies to use the 1040EZ the interest would be entered on line 2 1040EZ line 5 if someone can claim you as a dependent check the applicable box and use the worksheet on the back of the 1040EZ for the correct amount that you will have to enter on line 5 this amount will be your standard deduction amount for the tax year 2009.
On which tax form do you list exemptions?
Exemptions are listed on the 1040 series. On Form 1040 and Form 1040A, the Exemptions Section is the third section on the first page and covers lines 6a through 6d. On Form 1040EZ exemptions are in the Income Section. You don't identify your exemptions by name. Instead, because you can only file Single or Married Filing Jointly on Form 1040EZ, you enter on line 5 either $9,350 for Single or $18,700 for Married Filing Jointly or a reduced amount according to the 1040EZ worksheet if your parents are claiming you as a dependent.
What do you put on a tax form if your parents are claiming you as a dependent?
There's a box that's checked on Form 1040EZ in line 5 if you're filing your own tax return and your parents are claiming you as a dependent. But you leave the box blank (unchecked) if you're using Form 1040A or Form 1040. On those two forms, it's the box on line 6a and it's stated "If someone can claim you as a dependent, do not check box 6a." The point of indicating on your tax return that your parents are claiming you as a dependent is to make sure that you don't take an exemption for yourself, because your parents are claiming your exemption on their return.
Where do you find your adjustable gross income?
It is the last number on the bottom of the first page of Form 1040 or 1040A. It is line 4 of the 2008 version of Form 1040EZ.
What is taxable interest on the 1040EZ tax form?
Form 1040EZ is Income Tax Return for Single and Joint Filers with No Dependents. Line 2 in the Income Section of Form 1040EZ is where you enter taxable interest. Most interest that you receive and that you can withdraw is taxable income. Examples of taxable interest are interest on bank accounts, money market accuracy certificates, and credit union dividends. The payer sends this information to you on Form 1099-INT or Form 1099-OID.
Does a 17-year-old who lives at home and earned only 2000 income have to claim 560 interest earned on a CD?
Yes the interest will be entered on the interest income line of the child 1040 tax form that the child qualifies to use. If qualifies to use the 1040EZ the interest would be entered on line 2 1040EZ line 5 if someone can claim you as a dependent check the applicable box and use the worksheet on the back of the 1040EZ for the correct amount that you will have to enter on line 5 this amount will be your standard deduction amount for the tax year 2009.
On which tax form do you list exemptions?
Exemptions are listed on the 1040 series. On Form 1040 and Form 1040A, the Exemptions Section is the third section on the first page and covers lines 6a through 6d. On Form 1040EZ exemptions are in the Income Section. You don't identify your exemptions by name. Instead, because you can only file Single or Married Filing Jointly on Form 1040EZ, you enter on line 5 either $9,350 for Single or $18,700 for Married Filing Jointly or a reduced amount according to the 1040EZ worksheet if your parents are claiming you as a dependent.
Where On a line graph where is the dependent variable placed?
On a line graph, where is the dependent variable placed?
What do you put on a tax form if your parents are claiming you as a dependent?
There's a box that's checked on Form 1040EZ in line 5 if you're filing your own tax return and your parents are claiming you as a dependent. But you leave the box blank (unchecked) if you're using Form 1040A or Form 1040. On those two forms, it's the box on line 6a and it's stated "If someone can claim you as a dependent, do not check box 6a." The point of indicating on your tax return that your parents are claiming you as a dependent is to make sure that you don't take an exemption for yourself, because your parents are claiming your exemption on their return.
Where Is The Dependent Variable on a line graph Placed?
In the vertical direction.
Where do you find your adjustable gross income?
It is the last number on the bottom of the first page of Form 1040 or 1040A. It is line 4 of the 2008 version of Form 1040EZ.
What is taxable interest on the 1040EZ tax form?
Form 1040EZ is Income Tax Return for Single and Joint Filers with No Dependents. Line 2 in the Income Section of Form 1040EZ is where you enter taxable interest. Most interest that you receive and that you can withdraw is taxable income. Examples of taxable interest are interest on bank accounts, money market accuracy certificates, and credit union dividends. The payer sends this information to you on Form 1099-INT or Form 1099-OID.
What is the line of regression?
line that measures the slope between dependent and independent variables
What appearance does a graph line have if the dependent variable doesn't change with time?
A horizontal line
Is a claimed dependent an exemption or a deduction?
Both. A taxpayer (the person who can claim the dependent) claims exemptions for themselves and their dependents. Each exemption qualifies them for a deduction. The amount changes each year ($3,700 per exemption for 2011) and a person will multiply the number of exemptions on Form 1040 line 6 by the amount for their total deduction on Form 1040 line 42. The deduction for exemptions reduces their taxable income.
If on the 1040EZ form the amount on line 10 equals the amount on line 11 in the Payments Credits and Tax section shown below the taxpayer will?
i just took this quiz and it's "owe taxes"
Where On a line graph the dependent variable is plotted on what axis?
The dependent variable is usually plotted on the "y" or ordinal axis.
