Ask Question
BusinessBusiness
25 July, 07:23

Wei, an international student from People's Republic of China, received $10,563 of interest income in 2017 from accounts he opened when he first arrived in the U. S. on August 27, 2014. What type of federal income tax return does he need to file?

+5
Answers (1)
  1. 25 July, 10:52
    0
    He does not need to file a tax return

    Explanation:

    International students on F, J, M, or Q visas are considered "exempt individuals," which means you are excused from the Substantial Presence Test for the first 5 years you are in the US if you are an international student. A substantial Presence test is the criterion used by the IRS (Internal Revenue Service) in the US to determine if an individual is a citizen for tax purposes or not. Since Wei came into the United States in 2014, and this is 2017 he has not yet exhausted the 5 year period.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Wei, an international student from People's Republic of China, received $10,563 of interest income in 2017 from accounts he opened when he ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Madison Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $18,000 of materials, $9,000 of direct labor costs, and $6,000 of manufacturing overhead applied.
Answers (1)
Anita has been a loyal customer of her hair salon for years-just like most of the other patrons. She believes that her stylist, the salon owner, is the best in the business.
Answers (1)
Newspapers are sold daily in a wide variety of locations. This widespread distribution suggests that newspapers are classified as convenience goods. Thue or False
Answers (1)
During the year, Wright Company sells 330 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction Number of Units Unit Cost Total Cost Jan.
Answers (1)
Scenario 15-9 suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a weekday. suppose the executives also know that 200 students are willing to pay $8 for admission on a weekday.
Answers (1)
New Questions in Business
Which most likely results from producers engaging in specialization? Producers reduce their costs. Producers increase their market share. Producers decrease the materials needed for production. Producers always offer more competitive pricing.
Answers (1)
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers. TrueFalse
Answers (1)
Kyle and lyle want to pool their inheritance money to make a joint investment. they are young and are willing to accept moderate to high risk over a number of years. which combination of investment options best suits their needs?
Answers (1)
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Home » Business » Wei, an international student from People's Republic of China, received $10,563 of interest income in 2017 from accounts he opened when he first arrived in the U. S. on August 27, 2014. What type of federal income tax return does he need to file?
Sign Up Forgot Password?