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Question
question 7
river and pat are married. they always combine their incomes on one tax return. which tax status do they choose?
single
widow
married, filing jointly
married, filing separately
question 8
income tax is the only type of tax collected in most states within the united states.
true
false
question 9
isabella and mateo made an incredible amount of money this year, and their tax lawyer was able to use many deductions to reduce their adjusted gross income by millions of dollars. however, despite all of his attempts to get them out of paying as many taxes, they still had to pay some. which type of tax most likely ensured that isabella and mateo were required to pay some taxes?
withholding tax
earned - income tax
alternative minimum tax
sales tax
Question 7
Married couples who combine their incomes on one tax return choose the "married, filing jointly" status. "Single" is for unmarried individuals. "Widow" is for a spouse who has lost their partner. "Married, filing separately" is when married couples file separate returns.
In most U.S. states, there are other taxes like sales tax, property tax etc. along with income tax. So income tax is not the only type of tax.
The alternative minimum tax (AMT) is designed to ensure that high - income taxpayers who might otherwise use excessive deductions to avoid paying taxes still pay a minimum amount. Withholding tax is deducted from paychecks. Earned - income tax is a credit for low - income workers. Sales tax is on purchases.
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married, filing jointly