BUISENESS MANAGEMENT
TAXES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Must file a tax return
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Don’t have file a tax return
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Either A or B
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None of the above
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Detailed explanation-1: -The minimum amount (or threshold) of income requiring you to file a federal tax return. 2022 filing requirements for most taxpayers: Gross income of at least $12, 950 (individuals) or $25, 900 (married filing jointly).
Detailed explanation-2: -Separate returns after joint return. After the due date of your return, you and your spouse can’t file separate returns if you previously filed a joint return.
Detailed explanation-3: -Married Filing Separately, how do I split dividend from joint investment accounts between me and my spouse? The easiest way is to just split them 50/50, if both names are on the 1099-DIV. If only one name is listed, that party can indicate Nominee income for the other party.
Detailed explanation-4: -Section 140B (3): Explanation: For the purposes of computation of “additional income-tax”, tax shall include surcharge and cess, by whatever name called, on such tax.