and scholars may owe money with their tax return Nonresident

and scholars may owe money with their tax return. Nonresidents 47. Some students Ask for an extension of time to pay or an installment agreement a. b. Pay the entire balance by the due date for the return. c. Put the balance on a credit card. d. All of the above. 48. Gariagdy, who is from Turkmenistan, earned $9,248 in 2016. He had $195 with. held for state income taxes. He listed the taxes as a deduction on his federal return for 2016, and it lowered his taxable income for 2016. Gariagdy received a state refund of $117 in 2017 from the 2016 tax return. He would include this refund on his 2017 federal return. a. True b. False 49. Teresa came to the U.S. in 2013 for postgraduate study. She took out a student loan to help pay the tuition. Teresa graduated in December 2016, but remained in the U.S. for one year of practical training. She began repaying the loan on July 1 2017 and paid $49 in interest during 2017. Teresa can claim this interest as a a. True b. False 50. Frederick, a student from Malta, had $8,785 in wages reported to him on Form W-2.Although all of his wages are excluded from tax by treaty, he is required to file a tax retum. a. True b. False

Solution

47. a. Ask for an extension of time to pay or an installment agreement.

48. a. True. State tax refund to be included in federal tax return.

49. a True. interest on student loan can be claimed as deduction, if Teresa is filling return and her gross total income is less than $80000.

50. True. To take the benefit of treaty, he has to file tax return.