Pete and Shirley are filing a joint return. the total amount of their exemptions for tax year 2018 a. $0 b. $4,050 C. $8,100 d. $16.200

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jeremiahandress629 jeremiahandress629

15-01-2020
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Pete and Shirley are filing a joint return. the total amount of their exemptions for tax year 2018 a. $0 b. $4,050 C. $8,100 d. $16.200

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letmeanswer letmeanswer · Answer 1 · 2020-01-22T18:26:56+01:00

Pete and Shirley are filing a joint return. the total amount of their exemptions for tax year 2018 is $0

Option A

Explanation:

For 2018, there are no personal exemptions, therefore the total amount of exemptions for 2018 will be $0.

If your taxable income is $0, a tax filer is in the 0-percent band.

For eg, Filer A could have $24,000 in wages and then the standard deduction lowers it to $0. Although Filer A does not have any taxable income, he or she has income earned to be liable for the refundable loan.