CONNECTICUT INDIVIDUAL INCOME TAX PROBLEM COMPUTE THE 2017 CT TAX LIABILITY USING THE INFO BELOW, ASSUME MFJ FILING STATUS, AGE 66 DO NOT USE TAX FORMS; PREPARE USING SPREADSHEET SOFTWARE. ATTACH THIS SHEET TO RESPONSEI GROUPS OF TWO ARE ALLOWED. DO NOT CONFER AMOUNG GROUPSI OTHER INFORMATION: DUE DATE: Wednesday April 25th at the start of class-NO LATE SUBMISSIONS WILL BE ACCEPTED R.E. TAXES PAID ON HOME 3500 http://www.ct.gov/drsb/drs/forms/1-2017/income/ct-1040 form, w 1217.pd CT wibholding saesdeduted from parol 4000 FEDERAL RETURN Personal property tax on vehicles 500 W-2 INCOME 85,000 15,000 22,000 Nn, Teachers pension (teachers retirement board) CHET CONTRIBUTIONS FO R COLLEGE 12000. MILITARY PENSION GROUPS OF TWO ALLOWED BANK 2,000 ,000 1,000 2,000 ATTACH THIS SHEET TO YOUR RESPONSES SOLUTION FORMAT: Federal adjusted gross income STATE OF CT MUNI BOND STATE OF MASS MUNI BOND COMMONWEALTH OF PUERTO RICo 3, 30 TAX EXEMPT US. SAVINGS BOND Loss on the sale of CT Muni Bond SCHEDULE C INCOME (CONSTRUCTION) DOMESTIC PRODUCTION ACTIVITY DEDUCTION ADJUSTED GROSS INCOME Add: additions to federal AGI (list separately) Subtractions: subtractions from federal AGL (list separately) CT adjusted gross income (line 5 of the CT return) CT income tax (line 6 of the CT return) Use taxes (if any) Credits (if any) CT withholding taxes paid (if any) 4,000 2,000 30,000 2700? 153,300 CONNECTICUT INDIVIDUAL INCOME TAX PROBLEM COMPUTE THE 2017 CT TAX LIABILITY USING THE INFO BELOW, ASSUME MFJ FILING STATUS, AGE 66 DO NOT USE TAX FORMS; PREPARE USING SPREADSHEET SOFTWARE. ATTACH THIS SHEET TO RESPONSEI GROUPS OF TWO ARE ALLOWED. DO NOT CONFER AMOUNG GROUPSI OTHER INFORMATION: DUE DATE: Wednesday April 25th at the start of class-NO LATE SUBMISSIONS WILL BE ACCEPTED R.E. TAXES PAID ON HOME 3500 http://www.ct.gov/drsb/drs/forms/1-2017/income/ct-1040 form, w 1217.pd CT wibholding saesdeduted from parol 4000 FEDERAL RETURN Personal property tax on vehicles 500 W-2 INCOME 85,000 15,000 22,000 Nn, Teachers pension (teachers retirement board) CHET CONTRIBUTIONS FO R COLLEGE 12000. MILITARY PENSION GROUPS OF TWO ALLOWED BANK 2,000 ,000 1,000 2,000 ATTACH THIS SHEET TO YOUR RESPONSES SOLUTION FORMAT: Federal adjusted gross income STATE OF CT MUNI BOND STATE OF MASS MUNI BOND COMMONWEALTH OF PUERTO RICo 3, 30 TAX EXEMPT US. SAVINGS BOND Loss on the sale of CT Muni Bond SCHEDULE C INCOME (CONSTRUCTION) DOMESTIC PRODUCTION ACTIVITY DEDUCTION ADJUSTED GROSS INCOME Add: additions to federal AGI (list separately) Subtractions: subtractions from federal AGL (list separately) CT adjusted gross income (line 5 of the CT return) CT income tax (line 6 of the CT return) Use taxes (if any) Credits (if any) CT withholding taxes paid (if any) 4,000 2,000 30,000 2700? 153,300