Question
Can you provide the forms needed with the totals Required: Use the following information to complete Rhonda Hill's 2018 federal income tax return.If any information
Can you provide the forms needed with the totals
Required:
Use the following information to complete Rhonda Hill's 2018 federal income tax return.If any information is missing, use reasonable assumption to fill in the gaps.
The forms, schedules and instruction can be found at the IRS website.The instruction can e helpful in completing the forms.
Facts
1.Rhonda Hill (unmarried) is employed as an office manager at the amin office of Carter and Associates CPA firm.Rhonda lives in a home she purchased 20 years ago.Rhonda's older cousin Mabel Wright lives with Rhonda in the home.Mabel is retired and received $2400 of provided Social Security payments each year.Mabel is able to save this money because Rhonda provides all of Mabel's support.Rhonda also provided the following information.
Rhonda does not want to contribute to the presidential election campaign.
Rhonda lives at 1234 Blue Ridge Way, Tulsa, Oklahoma 74101
Rhonda's birthday is 12/18/1954 and her Social security number is 335-67-8910
Mabel's birthday is 11/2/1945 and her Social Security number is 566-77-8899
Rhonda does not have any foreign bank accounts or trusts.
Rhonda has qualifying insurance for purposes of the Affordable Care act (ACA)
2.Rhonda received a Form W-2 from Carter and Associates (her employer) that contained the following information.
Line 1 Wager, tips, other compensation $72,000
Line 2 Federal Income Tax withheld$9300
Line 3 Social Security Wagers $72,000
Line 4 Social Security tax withheld$4464
Line 5 Medicare wages and tips $72000
Line 6 Medicare tax withheld$1044
Line 16 State wages, tips, etc.$72000
Lien 17 State income tax$2700
Carter and Associates address is 1234 CPA Way tulsa, Oklahoma 74101; its FEIN is 91:0001002 and its state id number is 123456678
3.Rhonda received $250 in interest from Tulsa city bonds, $120 interest from IBM bonds, and $15 from her savings account at UCU Credit Union.She also received a $460 dividend from Huggies Company and %500 from bicker Corporation. Both dividends are qualified dividends.
4.Rhonda sold 200 shares of DM stock for $18 a share on June 15, 2018. She purchased the stock on December 12, 2013, for $10 a share.She also sold 50 shares of RSA stock for $15 a share on October 2, 2018.She purchased the stock for $65 a share on February 2, 2018.Stock basis amounts have been reported to the IRS.
5.The following is a record of the medical expenses that Rhonda paid for herself during the year.The amounts reported are amounts she paid in excess of insurance reimbursements.Rhonda drove 210 miles for medical purposes in 2018.
Insurance premium $3700
Prescription medications100
Over the counter medicatins 250
Doctor and dentist visits1450
Eyeglasses300
Physical therapy 200
6.Rhonda paid $6800 in mortgage interest during the year to UCU credit union (reported to her on Form 1098).She also paid $1240 in real property taxes during the year.
7.Rhonda contributed $5400 to heavenly Church during the year.Heavenly Church's address is 12342 Religion Way, Tulsa, Oklahoma 74101.
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