Question
Evie Adams Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the
Evie Adams Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINs), replace the Xs as directed, or with any four digits of your choice. Interview Notes
• Evie is single and has two young girls, Poppy and Lily, who lived with her all year.
• Evie paid more than half of the support for her daughters and all the cost of keeping up the home.
• Evie was unemployed for two months (March and April). She cashed in her 401(k) and used the money to pay for living expenses.
• Evie is paying off a student loan that she took out when she attended college for her bachelor's degree.
• She took some courses this year at Southwest College to improve her job skills as an educator. She did not receive a Form 1098-T for 2018.
• Evie was an elementary school teacher from May to December and paid $550 out of pocket for classroom supplies.
• She went to the local casino and won some money in 2019. During the interview she mentions that she had gambling losses of $700.
1). What is the total amount of adjustments on Evie's tax return?
a. $250
b. $600
c. $850
d. $1,550 21.
2).What is the lifetime learning education credit amount on Evie's tax return? $________.
3). What is the total federal income tax withheld on Evie's tax return? $_______.
4). What is the amount of gambling winnings reported on her 2019 return?
a. $0
b. $1,300
c. $2,000
d. $3,200
5). Evie is eligible to claim which of the following credits on her 2019 tax return?
a. Child and dependent care credit
b. Child tax credit
c. Earned income tax credit d. All of the above
6). Evie must pay an additional tax on the early distribution from her 401(k) of:
a. 0%
b. 5%
c. 10%
d. 15%
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