Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Complete the 2018 Federal income tax return for Bob and Melissa Grant with all proper form. Be sure to check or fill in all necessary
Complete the 2018 Federal income tax return for Bob and Melissa Grant with all proper form. Be sure to check or fill in all necessary boxes. Ignore the requirement to attach the Form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fll in the gaps and discuss these in a brief summary when uploading your assignment to Blackboard Bob & Melissa Grant Bob (age 43) and Melissa (age 43) are married and live in Lexington, KY. The Grants have two children Jared (age 15) and Alese (age 12). The Grants would like to file a joint tax return for the year. The following information relates to their tax year: .Bob's Social Security number is 987-45-1234 .Melissa's Social Security number is 494-37-4893 . Jared's Social Security number is 412-32-5690. . Alese's Social Security number is 412-32-9640 .The Grants' mailing address is 95 Hickory Road, Lexington, KY 40502. . Jared and Alese are tax dependents for Federal tax purposes. Bob Grant's Forms W-2 provided the following wages and withholding for the year: Federal Income State Income Tax Gross WagesTax Withholdin Employer Withholding National Stora Lexington Little League S66,200 S2.,710 SO Melissa Grant's Form W-2 provided the following wages and withholding for the year: Federal Income State Income Tax Gross WagesTax Withholdin Employer Withholding $1,225 Jensen Photo S24,500 All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All members of the Grant family were covered by minimum essential health insurance during each month in 2018. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: S4,350 $ 130 S 450 S 675 Workers' compensation payments to Bob Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond $ 150
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started