Complete a 2016 federal income tax return for Phillip and Claire Dunphy
Check figure - total tax, line 63 is $84,785.00
INDIVIDUAL TAX RETURN PROBLEM 4 Required: Use the following information to complete Phillip and Claire Dunphy's 2016 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. Ignore the alternative minimum tax for this problem. . Any required forms, schedules, and instructions can be found at the IRS website (www.irs.gov). The instructions can be helpful in completing the forms. Facts: 1. Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent children. All three children live at home with Phillip and Claire for the entire year The Dunphys provide you with the following additional information: The Dunphys do not want to contribute to the presidential election campaign. The Dunphys live at 3701 Brighton Avenue, Los Angeles, California 90018. . Phillip's birthday is 11/5/1970 and his Social Security number is 321-44-5766. Claire's birthday is 5/12/1973 and her Social Security number is 567-77-1258. . Haley's birthday is 11/6/2004 and her Social Security number is 621-18-7592. . Alex's birthday is 2/1/2006 and her Social Security number is 621-92-8751 . Luke's birthday is 12/12/2010 and his Social Security number is 621-99-9926 . The Dunphys do not have any foreign bank accounts or trusts 2. Claire is a flight attendant for Western American Airlines (WAA), where she earned $57,000 in salary. WAA withheld federal income tax of $6.375, state income tax of $1,800, Los Angeles city income tax of $675, Social Security tax of $3,600, and Medicare tax of $825. 3. Phillip and Claire received $300 of interest from State Savings Bank on a joint account. They also received a qualified dividend of $395 on jointly owned stock in Xila Corporation. INDIVIDUAL TAX RETURN PROBLEM 4 Required: Use the following information to complete Phillip and Claire Dunphy's 2016 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. Ignore the alternative minimum tax for this problem. . Any required forms, schedules, and instructions can be found at the IRS website (www.irs.gov). The instructions can be helpful in completing the forms. Facts: 1. Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent children. All three children live at home with Phillip and Claire for the entire year The Dunphys provide you with the following additional information: The Dunphys do not want to contribute to the presidential election campaign. The Dunphys live at 3701 Brighton Avenue, Los Angeles, California 90018. . Phillip's birthday is 11/5/1970 and his Social Security number is 321-44-5766. Claire's birthday is 5/12/1973 and her Social Security number is 567-77-1258. . Haley's birthday is 11/6/2004 and her Social Security number is 621-18-7592. . Alex's birthday is 2/1/2006 and her Social Security number is 621-92-8751 . Luke's birthday is 12/12/2010 and his Social Security number is 621-99-9926 . The Dunphys do not have any foreign bank accounts or trusts 2. Claire is a flight attendant for Western American Airlines (WAA), where she earned $57,000 in salary. WAA withheld federal income tax of $6.375, state income tax of $1,800, Los Angeles city income tax of $675, Social Security tax of $3,600, and Medicare tax of $825. 3. Phillip and Claire received $300 of interest from State Savings Bank on a joint account. They also received a qualified dividend of $395 on jointly owned stock in Xila Corporation
