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Complete a 2016 federal income tax return for Rhonda Hill Check Figure- total tax, line 63 is $9,347 INDIVIDUAL TAX RETURN PROBLEM 3 Required: Use

Complete a 2016 federal income tax return for Rhonda Hill
Check Figure- total tax, line 63 is $9,347 image text in transcribed
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INDIVIDUAL TAX RETURN PROBLEM 3 Required: Use the following information to complete Rhonda Hill's 2016 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. The forms, schedules, and instructions can be found at the IRS website (www.irs.gov). The instructions can be helpful in completing the forms. Facts: I. Rhonda Hill (unmarried) is employed as an office manager at the main office of Carter and Associates CPA firm. Rhonda lives in a home she purchased 20 years o. Rhonda's older cousin Mabel Wright lives with Rhonda in the home. Mabel is retired and receives $2,400 of Social Security payments each year. Mabel is able to save this money because Rhonda provides all of Mabel's support. Rhonda also pro- vided 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 12/18/1951 and her Social Security number is 335-67-8910. Mabel's birthday is 11/2/1943 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 con- tained the following information: Line I Wages, tips, other compensation Line 2 Federal income tax withheld . Line 3 Social Security wages Line 4 Social Security tax withheld Line 5 Medicare wages and tips Line 6 Medicare tax withheld Line 16 State wages, tips, etc. Line 17 State income tax Carter and Associates address is 1234 CPA Way Tulsa, Oklahoma 74101; its FEIN is 91:0001002; and its State ID number is 123456678 $72.000 9.300 72.000 4.464 72.000 1.044 72.000 2.700 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

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