Its for filling out a pretend 1040, schedule 3, schedule 8812, form 8863, and a schedule EIC.
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Its for filling out a pretend 1040, schedule 3, schedule 8812, form 8863, and a schedule EIC. Filing as Head of Household with one dependant. Everything I have filled in so far is marked as correct, I need help with lines, 22, 27a, 34, and 35a, on the 1040 file. Can I please get assistance with this?
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Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Juliette White is a head of household taxpayer with a daughter named Sabrina. They live at 1009 Olinda Terrace, Apartment 5B, Reno, NV 78887. Juliette works at a local law firm, Law Offices of Dane Gray, and attends school in the evenings at Reno Community College (RCC). She is taking some general classes and is not sure what degree she wants to pursue yet. She is taking three units this semester. Full-time status at RCC is nine units. Juliette's mother watches Sabrina after school and in the evenings (no charge) so that Juliette can work and take classes at RCC. Social security numbers are 412-34-5670 for Juliette and 412-34-5672 for Sabrina. Their birth dates are as follows: Juliette, 10/31/1989; and Sabrina, 3/1/2014. The Form W-2 Juliette received from the Law Offices of Dane Gray contained the following information: Wages (box 1) = Federal W/H (box 2) = Social security wages (box 3) Social security W/H (box 4) = Medicare wages (box 5) = Medicare W/H (box 6) = Juliette also had the following expenses: Education expenses: Tuition for Reno Community College = $ 29,502.30 $ 997.14 $ 29,502.30 $ 1,829.14 $ 29,502.30 $427.78 $ 775 Prepare Juliette's federal tax return. Use Form 1040 and any additional appropriate schedules or forms she may need for credits. For any missing information, make reasonable assumptions. Use the appropriate Tax Tables and EIC table. Note: Input all the values as positive numbers. Instructions can be found on certain cells within the forms. Round your intermediate calculations and final answers to the nearest whole dollar amount. Do not skip rows, while entering in Dependents section of Form 1040 PG1. Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Juliette White is a head of household taxpayer with a daughter named Sabrina. They live at 1009 Olinda Terrace, Apartment 5B, Reno, NV 78887. Juliette works at a local law firm, Law Offices of Dane Gray, and attends school in the evenings at Reno Community College (RCC). She is taking some general classes and is not sure what degree she wants to pursue yet. She is taking three units this semester. Full-time status at RCC is nine units. Juliette's mother watches Sabrina after school and in the evenings (no charge) so that Juliette can work and take classes at RCC. Social security numbers are 412-34-5670 for Juliette and 412-34-5672 for Sabrina. Their birth dates are as follows: Juliette, 10/31/1989; and Sabrina, 3/1/2014. The Form W-2 Juliette received from the Law Offices of Dane Gray contained the following information: Wages (box 1) = Federal W/H (box 2) = Social security wages (box 3) Social security W/H (box 4) = Medicare wages (box 5) = Medicare W/H (box 6) = Juliette also had the following expenses: Education expenses: Tuition for Reno Community College = $ 29,502.30 $ 997.14 $ 29,502.30 $ 1,829.14 $ 29,502.30 $427.78 $ 775 Prepare Juliette's federal tax return. Use Form 1040 and any additional appropriate schedules or forms she may need for credits. For any missing information, make reasonable assumptions. Use the appropriate Tax Tables and EIC table. Note: Input all the values as positive numbers. Instructions can be found on certain cells within the forms. Round your intermediate calculations and final answers to the nearest whole dollar amount. Do not skip rows, while entering in Dependents section of Form 1040 PG1.
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Answer rating: 100% (QA)
Here are the calculations for the lines requested on Form 1040 Line 22 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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