Joe age 24 single amd not claimed as a dependent. In 2011 his only income Was 5,000 of unemployment and he had 500 of net income from mowing lawns. Joe must file a 2011 tax return.
True or false
I'm unsure because you I don't know if he has to file because of his unemployment if so it's true.
If not ..
Single under 65 gross income is 9500 makes this false he doesn't have to file.
Based on the information provided, we can determine whether Joe needs to file a 2011 tax return or not.
First, let's consider the income thresholds for filing a tax return in 2011:
- Single taxpayer under 65 years old: The filing requirement is if the gross income exceeds $9,500.
Now let's calculate Joe's gross income:
Joe's only income in 2011 was $5,000 from unemployment and $500 from mowing lawns. Therefore, his total gross income is $5,000 + $500 = $5,500.
Since Joe's gross income is below the threshold of $9,500 for single taxpayers under 65, he is not required to file a 2011 tax return.
Therefore, the statement "Joe must file a 2011 tax return" is False.