Question
Appendix D: Jenny Singer Information For the fourth client, Jenny Singer, your boss wants you to prepare Form 1040, Schedule A, B and supporting forms
Appendix D: Jenny Singer Information For the fourth client, Jenny Singer, your boss wants you to prepare Form 1040, Schedule A, B and supporting forms (4684).
Facts: Jenny is a 30-year old single woman. She is a financial planner and also works a side job on weekends in an art gallery. No one else can claim Jenny as a dependent. For 20X1, she had the following information:
Taxpayer: | Jenny Singer 123 French Street Paris, TX 72000
|
Social Security No. | 123-45-6789
|
INCOME
|
|
W-2 from 1st employer Gross wages income: |
$13,164 |
Federal withholding | $ 921 |
W-2 from 2nd employer Gross wages: | $50,000 |
Federal withholding | $ 9,500 |
Interest income from bank | $ 132 |
Interest income from brokerage firm | $ 2,100 |
Ordinary "qualified" dividends from a large U.S. corporation | $ 3,000 |
Using the facts above, prepare Form 1040, Schedule B for Jenny for the most recent year for which there is a form (this is almost always the calendar year prior to the present year). Remember to consider the standard deduction. Also, you may need other forms, such as the 4684 and instructions.
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