Amount of gross income, Question 1: What is the amount of gross income required before, Accounting Basics

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Amount of gross income

Problem:

Mr. and Mrs. X plan to file a joint return for 2013. Neither is over 65 or blind, nor do they have any dependents.

Required:

Question 1: What is the amount of gross income required before they must file a return?

A. $12,200

B. $13,900

C. $16,100

D. $20,000

Note: Please describe comprehensively and provide step by step solution.

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Accounting Basics: Amount of gross income

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Accounting Basics: Amount of gross income

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