I:2-60 Zachary L. (SSN 123-45-6789) and Cici K. Mao (SSN 987-65-4321) reside at 520 Chestnut Street, Philadelphia,
Question:
I:2-60 Zachary L. (SSN 123-45-6789) and Cici K. Mao (SSN 987-65-4321) reside at 520 Chestnut Street, Philadelphia, Pennsylvania 19106. They are both under 65 years old and have one dependent (their son, Oliver, age 4, SSN 111-22-3333). They do not wish to take advantage of the presidential election campaign check-off. Other relevant information includes:
Zachary’s salary as a manager $40,000 Cici’s salary as a teacher 45,000 Interest (First National Bank) 200 Withholding (Forms W-2) 5,600 Zachary and Cici are married, file jointly, and claim the standard deduction. They do not have any transactions involving virtual currency, and they did not receive any advance payments for their $3,600 child tax credit. Complete their Form 1040 for 2021.
Step by Step Answer:
Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023
ISBN: 9780137730391
36th Edition
Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna