Question
Based on the information provided below, create and turn in copies of the following source documents: 1) Ahsokas Form W-2 Personal Information: Mando and Ahsoka
Based on the information provided below, create and turn in copies of the following source documents:
1) Ahsoka’s Form W-2
Personal Information:
Mando and Ahsoka Tano are married and have two children, a daughter, Moff (15 years old), and a son: Grogu (23 years old). Grogu is enrolled full time in college and is currently a 4th year senior. He does not provide more than half his support and lives with Mando and Ahsoka when not at college. Mando’s father, Jabba the Hutt, lived with the Tanos for the entire year and made $4,200 from his pension. Ahsoka works for Ormat Technologies, Inc. as an accounting manager. Mando is self-employed (TRP #2). The following basic information is provided for preparing Mando and Ahsoka’s 2020 tax return:
1. Mando and Ahsoka are married filing jointly, use the cash method of accounting, and file their return on a calendar-year basis. Unless otherwise stated, assume that the Tano’s want to minimize the current year's tax liability.
2. Ahsoka is 44 years old. Mando is 67 years old.
3. Mando's Social Security number is 863-00-9693, he was born 06/15/1953 and is legally blind.
4. Ahsoka's Social Security number is 890-34-8090, she was born 4/6/1976.
5. Grogu’s Social Security number is 650-84-8643 and he was born 3/8/1997.
6. Moff’ Social Security number is 872-24-2929 and she was born 2/20/2004.
7. Jabba the Hutt's Social Security number is 798-18-3456 and he was born 1/17/1926.
8. They do not have any foreign bank accounts. The family had health coverage during 2020.
9. Both Mando and Ahsoka wish to contribute to the presidential election campaign.
10. Their home address is 6394 Moon Ridge Terrace, Reno, Nevada (89523).
Ahsoka’s Income: Ormat Technologies, Inc. as an accounting manager
• Her annual salary is $57,500. Ormat Technologies, Inc. withholds $2,587 of her salary for federal taxes. Ahsoka receives the following employment related benefits during 2020:
• Ormat Technologies, Inc. provides all employees with medical insurance (Ahsoka's insurance cost the company $6,650) and group-term life insurance at two-times their annual salary up to a maximum coverage of $180,000 (Ahsoka's premiums paid by Ormat Technologies, Inc. cost $475).
• Ormat Technologies, Inc. has a qualified 401(k) plan that covers all employees. Under the plan, Ormat Technologies, Inc. matches one-fifth of an employee’s contributions to the plan up to 2% of the employee's annual salary. Ahsoka maximizes Ormat Technologies, Inc. retirement contribution match.
• Ahsoka contributes $2,750 into a flexible spending accounting (FSA) for medical expenses.
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