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?
a.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.
b.Sara should send a check for $50 to the IRS in case the employer didn't take out enough taxes.
c.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.
d.Sara should report this income on her parents tax return since she is still living at home.
I pick c.
.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 g
Fiance - a young woman's betrothed
Finance - having to do with money
!
Didn't look over my typing.
Its finance
Since this is not my area of expertise, I searched Google under the key words "minimum wage to file taxes irs" to get these possible sources:
https://www.google.com/search?client=safari&rls=en&q=minimum+wage+to+file+taxes+irs&ie=UTF-8&oe=UTF-8
In the future, you can find the information you desire more quickly, if you use appropriate key words to do your own search. Also see http://hanlib.sou.edu/searchtools/.
http://www.hackcollege.com/blog/2011/11/23/infographic-get-more-out-of-google.html
Happy Thanksgiving!
I selected B. I got 1 out of 7 questions wrong on the same short quiz. Not sure if it was due to that question or not.
To determine the correct answer, we need to consider Sara's income and the minimum requirement for filing a tax return. In the given scenario, Sara earned $2,500 as a lifeguard over the summer, and income taxes were deducted from her paychecks by her employer.
The minimum requirement for filing a tax return is determined by the Internal Revenue Service (IRS) and can vary depending on factors such as filing status, age, and income level. Generally, if your income is below a certain threshold, you are not required to file a tax return.
In option a, it states that Sara should not file a tax return because her income is less than the minimum requirement for filing. This is a possible answer if her income falls below the threshold.
Option b suggests that Sara should send a check for $50 to the IRS in case her employer didn't take out enough taxes. This is unrelated to the question at hand, as it is about filing a tax return rather than making an additional payment.
Option c suggests that Sara should file a tax return, even though she is not legally required to do so because her income is less than the minimum requirement. However, by filing a tax return, Sara can potentially get all of her taxed money refunded. This option implies that Sara should file a tax return voluntarily to benefit from any potential refund.
Option d suggests that Sara should report this income on her parents' tax return since she is still living at home. However, this may not be applicable unless Sara meets certain criteria such as being a dependent and meeting the IRS guidelines for being claimed as such.
Based on the information provided, option c seems to be the most suitable answer. Sara can choose to file a tax return voluntarily and potentially receive a refund of the income taxes deducted from her paychecks by her employer. However, it is always recommended to consult with a tax professional or use tax software to accurately determine whether filing a tax return is necessary in Sara's specific situation.