7. Sara earned $2,500 as a life guard over the summer. This was her only job and income taxes were deducted from her paychecks by her employer. For filing a tax return, what should Sara do?
Sara should send a check for $50 to the IRS in case the employer didn't take out enough taxes.
Sara should not file a tax return. Sara is legally not required to file because her income is less than the minimum requirement for filing.
Sara should report this income on her parents tax return since she is still living at home.
Sara should file a tax return. Sara is not legally required to file because her income is less than the minimum requirement for filing, but if she does, she can get all of her taxed money refunded.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “7. Sara earned $2,500 as a life guard over the summer. This was her only job and income taxes were deducted from her paychecks by her ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Ralph newsome is an employee at quest industries. in the men's room he overhears two officers discussing a merger that they say will be announced in two days. ralph purchases 1,000 shares of quest.
Answers (1)
The total amount of producer surplus in a market is equal to the area above the market supply curve and below the market price a. True b. False
Answers (1)
Senath Company's annual report reveals net credit sales of $240,000 and average accounts receivable of $20,000. The report also shows an average inventory balance of $10,000 and cost of goods sold of $200,000.
Answers (1)
Tracy company, a manufacturer of air conditioners, sold 200 units to thomas company on november 17, 2016. the units have a list price of $550 each, but thomas was given a 25% trade discount. the terms of the sale were 2/10, n/30.
Answers (2)
gary, bill and carmella invested in a corporation in the ratio of 2:3:5, respectively. if they divide the profit of $82,000 proportionally to their investment, approximately how much will each receive?
Answers (1)
New Questions in Business
Determine the cost of the land, based on the following data. Land purchase price $90,000 Broker's commission 7,500 Payment for the demolition and removal of existing building 2,500 Cash received from the sale of materials salvaged from the
Answers (1)
A truck costing $12,100, which has Accumulated Depreciation of $9,010, was sold for $2,010 cash. The entry to record this event would include a: -loss of $1,080. -gain of $1,080. -credit to the Vehicles account for $3,090.
Answers (1)
Yolanda buys a house in the mountains for $450,000 which she uses as her personal vacation home. she builds an additional room on the house for $40,000.
Answers (1)
Fleet Foot Shoes has been successful at differentiating itself from competitors by claiming a premium price for its athletic footwear based on superior design and high-quality materials.
Answers (1)
Which of the following statements is most likely true of market follower strategies? market followers have the resources to expand the market by developing new users, new uses, and more usage of its products.
Answers (1)