question 4 of 10\nhector made $40,000 last year. he also received $300 in interest from a cd he has. he has…

question 4 of 10\nhector made $40,000 last year. he also received $300 in interest from a cd he has. he has no children, and plans on filing as single. which factor makes him ineligible to use a 1040ez form?\na. his income\nb. the interest he earned from a cd\nc. his filing status\nd. none of the above

question 4 of 10\nhector made $40,000 last year. he also received $300 in interest from a cd he has. he has no children, and plans on filing as single. which factor makes him ineligible to use a 1040ez form?\na. his income\nb. the interest he earned from a cd\nc. his filing status\nd. none of the above

Answer

Brief Explanations:

The 1040EZ form is generally for taxpayers with simple tax situations. One of the eligibility criteria is that the taxpayer's taxable income must be less than $100,000 and have no more than $1,500 in interest income. Hector has $300 in CD - interest which is within the limit. Filing as single is also an eligible status. However, the income limit for 1040EZ is not met as his income is $40,000 which is not a factor that makes him ineligible. But the interest income is within the allowed range and filing status is okay. So, it's his income that can be a potential issue for ineligibility as there are income - related restrictions for 1040EZ.

Answer:

A. His income