Question
Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did
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. Margaret O'Hara has been divorced for about two years. She is 28 years old, and her address is 979 Adams Street, Jacksonville, FL 32202. Additional information about Ms. O'Hara is as follows: Social security number: 412-34-5670 Date of birth: 6/17/1993 W-2 for Margaret shows these amounts: Wages (box 1) = $ 38,000.00 Federal W/H Social security wages (box Social security W/H (box $ 2,356.00 Medicare wages (box 5) = $ 38,000.00 Medicare W/H (box 6) = $ 551.00 (box 2) = $ 4,820.00 3) = $ 38,000.00 4) = Margaret is a research assistant. Required: Prepare Form 1040 for Ms. O'Hara for 2021. She does not want to contribute to the presidential election campaign. Use the appropriate Tax Tables. Note: Input all the values as positive numbers. Do not skip rows while entering in Dependents section of Form 1040 PG1. 1040 for a Single taxpayer with no dependents.
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