Question
Carl and Elizabeth Williams are married filing jointly. They are 45 and 40 years old, respectively. Their address is 19010 N.W. 135th Street, Miami, FL
Carl and Elizabeth Williams are married filing jointly. They are 45 and 40 years old, respectively. Their address is 19010 N.W. 135th Street, Miami, FL 33054. Additional information about Mr. and Mrs. Williams is as follows:
Social security numbers: | ||||||||||||
Carl: 412-34-5670 | Elizabeth: 412-34-5671 | |||||||||||
Date of birth: 7/13/1973 | Date of birth: 9/19/1978 | |||||||||||
W-2 for Carl shows these amounts: | W-2 for Elizabeth shows these amounts: | |||||||||||
Wages (box 1) | = | $ | 75,000.00 | Wages (box 1) | = | $ | 31,000.00 | |||||
Federal W/H (box 2) | = | $ | 6,950.00 | Federal W/H (box 2) | = | $ | 3,700.00 | |||||
Social security wages (box 3) | = | $ | 75,000.00 | Social security wages (box 3) | = | $ | 31,000.00 | |||||
Social security W/H (box 4) | = | $ | 4,650.00 | Social security W/H (box 4) | = | $ | 1,922.00 | |||||
Medicare wages (box 5) | = | $ | 75,000.00 | Medicare wages (box 5) | = | $ | 31,000.00 | |||||
Medicare W/H (box 6) | = | $ | 1,087.50 | Medicare W/H (box 6) | = | $ | 449.50 | |||||
Form 1099-INT for Carl and Elizabeth shows this amount:
Box 1 = $2,450.00 from Global Bank.
They also received tax-exempt interest of $500.00, as well as $45.00 for jury duty pay when Carl went to court to serve for a few days.
Carl received two weeks of workers compensation pay for a total of $3,100.00.
Dependent: Son, Carl Jr., who is 7 years old. His date of birth is 3/25/2011. His social security number is 412-34-5672.
Carl is a sales manager, and Elizabeth is an office clerk.
Prepare the tax return for Mr. and Mrs. Williams using the appropriate form. They are entitled to a $2,000 child tax credit. For now, enter the credit on the appropriate line of the form. They do not want to contribute to the presidential election campaign. The Williamses did not have any foreign accounts. Mr. and Mrs. Williams had qualifying health care coverage at all times during the tax year.(List the names of the taxpayers in the order in which they appear in the problem starting from the first line. Input all the values as positive numbers.)
Use the appropriate (2018) Tax Tables.
1040 for a couple Married Filing Jointly with one dependent.
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