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Chapter 02 Tax Compliance, the IRS, and Tax Authorities

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Question;36.;Which of the;following is not a factor that determines whether a taxpayer is required to;file a tax return?;A.;Filing status.;B.;Taxpayer's gross income.;C.;Taxpayer's employment.;D.;Taxpayer's age.;E.;None of these.;37.;If Paula;requests an extension to file her tax return, the latest she could file her;return without penalty is;A.;September 15th.;B.;October 15th.;C.;August 15th.;D.;November 15th.;E.;None of these.;38.;If Lindley;requests an extension to file her tax return, the latest she could pay her;tax due without penalty is;A.;April 15th.;B.;October 15th.;C.;August 15th.;D.;November 15th.;E.;None of these.;39.;Corporations;are required to file a tax return only if their taxable income is greater;than;A.;$0.;B.;$1,000.;C.;$600.;D.;$750.;E.;None of these. Corporations are always required to file a tax;return.;40.;This year;April 15th falls on a Saturday. Individual tax returns will be due;on;A.;April 14th.;B.;April 15th.;C.;April 16th.;D.;April 17th.;E.;None of these.;41.;Dominic;earned $1,500 this year, and his employer withheld $200 of federal income tax;from his salary. Assuming that Dominic will have zero tax liability this;year, he;A.;is required to file a tax return.;B.;is not required to file a tax return but should file a return;anyway.;C.;is required to file a tax return but should not file because;he owes no tax.;D.;is not required to file a tax return and should not file a;return.;E.;None of these.;42.;Greg earned;$20,500 this year and had $1,500 of federal income taxes withheld from his;salary. Assuming that Greg will have a total tax liability of $1,000 (and;thus will receive a $500) refund, he;A.;is required to file a tax return.;B.;is not required to file a tax return but should file a return;anyway.;C.;is required to file a tax return but should not file because;he owes no tax.;D.;is not required to file a tax return and should not file a;return.;E.;None of these.

 

Paper#55258 | Written in 18-Jul-2015

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