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 NOT
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.
Jin Xiang is single and lives at 2468 North Lake Road in Deerwood, MN 56444. Her SSN is 412-34-5670. She worked the entire year for Lakeland Automotive. The Form W-2 from Lakeland contained information in the following boxes:
Wages (box 1) = | $ 42,989.28 |
---|---|
Federal W/H (box 2) = | $ 4,583.91 |
Social security wages (box 3) = | $ 42,989.28 |
Social security W/H (box 4) = | $ 2,665.34 |
Medicare wages (box 5) = | $ 42,989.28 |
Medicare W/H (box 6) = | $ 623.34 |
On the weekends, Jin worked at Parts-Galore, a local auto parts store. The Form W-2 from Parts-Galore contained information in the following boxes:
Wages (box 1) = | $ 11,591.87 |
---|---|
Federal W/H (box 2) = | $ 548.82 |
Social security wages (box 3) = | $ 11,591.87 |
Social security W/H (box 4) = | $ 718.70 |
Medicare wages (box 5) = | $ 11,591.87 |
Medicare W/H (box 6) = | $ 168.08 |
Jin also received a Form 1099-INT from Minnesota Savings and Loan. The amount of interest income in box 1 of the Form 1099-INT was $127.58.
Jin had qualifying health care coverage at all times during the tax year.
Required:
Prepare a Form 1040 for Jin. Use the appropriate Tax Tables.
Note: Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Input all the values as positive numbers. Instructions can be found on certain cells within the forms.
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