Answered

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Greg earned $25,500 in 2021 and had $1,500 of federal income taxes withheld from his salary. Assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he: Multiple Choice is required to file a tax return. is not required to file a tax return but should file a return anyway. is required to file a tax return but should not file because he owes no tax. is not required to file a tax return and should not file a return. None of the choices are correct.

Sagot :

Cricetus

Greg is required to file a tax return. A further solution is provided in the below segment.

  • Greg has been obligated to submit a return on the basis that even the Greg gross revenues are well above the specified threshold whereby obliges the payer to register a tax return if he does have this same complete tax debt of Dollars 1,355 (and therefore will automatically be redeemed by Dollars 145).
  • A tax return shall be filed by any taxpayer. Whether the revenue equals zero as well as a payback becomes zero.

Thus the above option is correct.

Learn more about tax returns here:

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