Question
Create a 2018 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce Byrd for 2018.
Create a 2018 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce Byrd for 2018.
Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 111-11-1111, respectively.Alice's birthday is September 21, 1968 and Bruce's is June 27, 1962.They live at 473 Revere Avenue, Newtown, NY 10187.Alice is the office manager for Ames Dental Clinic, 433 Broad Street. Newtown, NY 10187(employer identification number 98-7654321). Bruce is the manager of a Super Burgers fast-food outlet owned and operated by Plymouth Corporation, 1247 Central Avenue, Hauppauge, NY 11788(employer identification number11-1111111)
The following information is shown on their Wage and Tax Statements (Form W-2) for 2018.
LineDescriptionAliceBruce
1.Wages, tips and other compensation$52,600$61,500
2.Federal income tax withheld4,1805,990
3.Social Security wages52,60061,500
4.Social Security tax withheld3,2613,813
5.Medicare wages and tips52,600 61,500
6.Medicare tax withheld763892
15.StateNYNY
16.State wages, tips, etc.52,600 61,500
17.State income tax withheld 2,280 2,990
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