Exam 2: Expanded Tax Formula, forms 1040A and 1040, and Basic Concepts

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Jane,Joseph and John are supporting their father who lives in a separate apartment.Their contribution towards his support is 10%,35% and 55%,respectively.In a multiple support agreement,who would be entitled to claim the father as a dependent?

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What is the amount of the tax liability for a single person having taxable income of $55,300? All answers should be rounded to the nearest dollar. Use the appropriate Tax Tables or Tax Rate Schedules.

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

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What is the amount of the tax liability for a head of household person having taxable income of $122,500? All answers should be rounded to the nearest dollar.

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The basic standard deduction in 2017 for a taxpayer,under 65 and not blind,filing married filing jointly is:

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