Morgan is single and 46 years old. Morgan has two children. Leah, age 18, has a job and earned wages of $4,900. Dale, age 25 is totally and permanently disabled and received Social Security benefits of $4,500. Both children lived with her all year. • Morgan paid all the cost of keeping up the home and more than half the support for her children. Morgan received disability pension benefits, but she has not reached the minimum retirement age of her employer’s plan. She does not have enough expenses to itemize for the 2022 tax year. • Morgan, Leah, and Dale are U.S. citizens and have valid Social Security numbers. They all lived in the United States for the entire year. If she has any balance due or refund, she would like to use Adelphia Bank and Trust. Morgan provided a voided check Morgan cannot claim Dale as a dependent because he is over age 18. (T/F) Morgan anticipates a balance due for next year. What actions should she take to prevent having a balance due. a. Morgan should use the IRS Tax Withholding Estimator and adjust her withholding. b. Morgan should decrease the amount of withholding on her form W-4P for next year. c. Morgan should ask her brother who is taking an accounting class how to avoid having a balance due. d. Morgan should not do anything to prevent having a balance due next year

A dependant is defined as someone who can be claimed on a tax return by someone "other than the…

Answered: Morgan cannot claim Dale as a dependent…

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 57CP

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Question

Morgan is single and 46 years old.

Morgan has two children. Leah, age 18, has a job and earned wages of $4,900. Dale, age 25 is totally and permanently disabled and received Social Security benefits of $4,500. Both children lived with her all year. • Morgan paid all the cost of keeping up the home and more than half the support for her children.
Morgan received disability pension benefits, but she has not reached the minimum retirement age of her employer’s plan.
She does not have enough expenses to itemize for the 2022 tax year. • Morgan, Leah, and Dale are U.S. citizens and have valid Social Security numbers. They all lived in the United States for the entire year.
If she has any balance due or refund, she would like to use Adelphia Bank and Trust. Morgan provided a voided check

Morgan cannot claim Dale as a dependent because he is over age 18.

(T/F)

Morgan anticipates a balance due for next year. What actions should she take to prevent

having a balance due. a. Morgan should use the IRS Tax Withholding Estimator and adjust her withholding. b. Morgan should decrease the amount of withholding on her form W-4P for next year. c. Morgan should ask her brother who is taking an accounting class how to avoid having a balance due. d. Morgan should not do anything to prevent having a balance due next year

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