Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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. Juliettes 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)= $ 30,116.22
Federal W/H (box 2)= $ 997.14
Social Security wages (box 3)= $ 30,116.22
Social Security W/H (box 4)= $ 1,867.21
Medicare wages (box 5)= $ 30,116.22
Medicare W/H (box 6)= $ 436.69
Juliette also had the following expenses:
Education expenses:
Tuition for Reno Community College $ 775
Required:
Prepare Juliettes 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 contrlbute to the Presidential Electlon Fund, unless otherwlse stated In the problem. In
addltion, the taxpayers dld NOT recelve, sell, send, exchange, or otherwlse acquire any financlal Interest In any virtual currency
durlng 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)=$30,116.22
FederalWH(box2)= $997.14
Social Security wages (box3)= $30,116.22
Social SecurityWH(box4)=$1,867.21
Medicare wages (box5)= $3,116.22
MedicareWH(box6)6
Juliette also had the following expenses:
Education expenses:
Tuition for Reno Community College
Required:
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 ElC table.
Note: Input all the values as positlve numbers. Instructions can be found on certaln cells withln the forms. Round your
Intermedlate caleulations and final answers to the nearest whole dollar omount. Do not sklp rows, whlle entering In Dependents
sectlon of Form 1040 PG1.
Answer is not complete.
1040 along with Form 8863 for Head of Household with one dependent.
1040 PG 1
1040 PG 2
Schedule 3
Schedule
Schedule
Form 8863
Form 8863
Schedule
Schedule
PG 1
PG 2
EIC
8812
Worksheet A
Page 1 of Form 1040. Use provided information and follow instructions on form.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

11th edition

1337552127, 978-1305971424, 1305971426, 978-0357688694, 978-1337673174, 133767317X, 978-1337552127

More Books

Students also viewed these Accounting questions

Question

=+LO 6-6 Use reinforcement and consequences to improve performance.

Answered: 1 week ago

Question

=+What is the EVPI?

Answered: 1 week ago