Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Donna and Chris Hoser have been married for 3 years. Donna works as nurse at Tarleton Memorial Hospital. Chris is a full-time student at Southwest

Donna and Chris Hoser have been married for 3 years. Donna works as nurse at Tarleton Memorial Hospital. Chris is a full-time student at Southwest Texas State University (STSU) and also works part-time during the summer at Tarleton Hospital. Chris birthdate is January 12, 1995 and Donnas birthdate is November 4, 1997. Donna and Chris earnings and income tax withholdings are reported on the following Forms W-2:

image text in transcribedimage text in transcribedThe Hosers have interest income of $1,000 on Erath County (TX) bonds. Donna and Chris also received the following Form 1099-INT and 1099-DIV:

image text in transcribedimage text in transcribed

Chris is an excellent student at STSU. He was given a $1,750 scholarship by the university to help pay educational expenses. The scholarship funds were used by Chris for tuition and books.

Last year, Donna was laid off from her former job and was unemployed during January 2021. She was paid $1,850 of unemployment compensation until she started work with her current employer, Tarleton Hospital.

Chris has a 4-year-old son, Robert R. Hoser, from a prior marriage that ended in divorce in 2019. During 2021, he paid his ex-wife $300 per month in child support. Robert is claimed as a dependent by Chriss ex-wife. During 2021, Chris aunt died. The aunt, in her will, left Chris $15,000 in cash. Chris deposited this money in the Lone Star State Bank savings account.

Donna and Chris received a $2,800 EIP in 2021.

Required: Complete the Hosers federal tax return for 2021 on Form 1040, Schedule 1, and the Qualified Dividends and Capital Gain Tax Worksheet.

This information is being furnishad to the internal Pavenue Service. Copy B-To Be Flled With Employee's FEDERAL Tax Retum. This information is being furnished to the intemal Revenue Service. (2) D anmmratron ne -1...1.. An

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Audit A Compendium For Nicaragua

Authors: Amarus Aurelio Urbina

1st Edition

6203976547, 978-6203976540

More Books

Students also viewed these Accounting questions