A single taxpayer with a gross income of $9,000 is required to file a tax return. Is this statement true or false?

Prepare for the HandR Block Income Tax Exam. Master crucial concepts with our interactive quizzes, featuring detailed explanations and real-world scenarios. Enhance your skills and build confidence for the exam. Success awaits you!

The statement is false because a single taxpayer with a gross income of $9,000 is indeed below the filing threshold for the tax year in question. Filing requirements are determined by the taxpayer's gross income, filing status, and age. For a single filer under 65, the threshold is typically set higher than $9,000. In many cases, if a taxpayer's gross income falls below the established threshold, they are not required to file a tax return. Therefore, since the individual in this scenario has a gross income of $9,000, which is below the income threshold, they are not compelled to file. This allows individuals to avoid the extra burden of filing if their income is low enough not to warrant it.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy