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Question: Required: Use the following information to complete Keith and Jennifer Hamiltons 2018 federal ...
Required: Use the following information to complete Keith and Jennifer Hamiltons 2018 federal income tax return. If any information is missing, use reasonable assumptions to fill in the gaps. Form 1040, supporting schedules, and instructions to the forms and schedules can be found at the IRS website (www.irs.gov). Facts: 1. Keith Hamilton is employed as an airline pilot for Flyby Airlines which is based in Las Vegas, Nevada, but he flies out of Toledo Metro Airport. Jennifer is employed as a teachers assistant at Small World Elementary School, in Toledo, Ohio. Keith and Jennifer live in a home they purchased this year. Keith and Jennifer have three children who lived with them all year, Joshua (17), Danielle (14), and Sara (10). Keith and Jennifer provided the following personal information: Keith and Jennifer do not want to contribute to the presidential election campaign. Keith and Jennifer do not claim itemized deductions. Keith and Jennifer live at 25970 Seminary Road, Perrysburg, Ohio 43558. Keiths birthday is 10/12/1972 and his Social Security number is 535-22-4466. Jennifers birthday is 7/16/1975 and her Social Security number is 535-44-2255. Joshuas birthday is 6/30/2001 and his Social Security number is 454-54-5454. Danielles birthday is 8/12/2004 and her Social Security number is 343-43-4343. Saras birthday is 5/13/2008 and her Social Security number is 232-32-3232. 2. Keith received the following Form W-2 for 2018 from Flyby Airlines. 3. Jennifer received the following Form W-2 for 2018 from Small World Elementary School. 4. During 2018, Keith and Jennifer received $550 in interest from Las Vegas municipal bonds, $1,070 interest from U.S. Treasury bonds, and $65 from their savings account at SCD Credit Union. Keith and Jennifer are joint owners of the Las Vegas city bonds and the U.S. Treasury bonds. They have a joint savings account at SCD Credit Union. 5. Keith and Jennifer have qualifying insurance for purposes of the Affordable Care Act (ACA).
Prepare 2018 1040 tax return
o535-22-4466 number 22222ldlaEn For Official Use Only OMB No. 1545-0008 dentification number Wages, tps, other Income tax withheld 163,645.00 Social security wages 127,200.00 91-0001002 31,000.00 c Employer's name, address, and ZIP code 3 4Social security tax withheld 7886.40 Flyby Airlines 375 West Flight Blvd. Las Vegas, NV 89119 Medicare wages and tps Medicare tax withheld 178,645.00 Soclial security tips 2,590.35 8 Allocated tips number code 10 care benetits e Employee's first name and Initial Last name Sutf 11 Nonqualifled plans 12a See Instructions for box 12 D 15,000 12b Keith Hamilton 25970 Seminary Rd Perrysburg, OH 43558 14 Other 120 120 f Employoe's address and ZiP code 15 Stae Employers state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, et 19 Local income tax 20 Locaity SD 987654321 163,645.00 0.00 163,645.00 818.23 163,645.00 2,454.68 PERRYS Fo W-2 Wage and Tax Statement Copy A For Social Security Administration- Send this entire page with Form W-3 to the Social Security Administration; photocopies are not acceptable. Department of the Treasury-Internal Revenue Service For Privacy Act and Paperwork Reduction Act Notice, seo the separate instructions. Cat. No. 10134D Do Not Cut, Fold, or Staple Forms on This Page 3. Jennifer received the following Form W-2 for 2018 from Small World Elementary School. 22222 | void |a E 535-44-225ecurity number OMB No. 1545-0008 b Employor lidentification number( 1 Wages, tips, othar compensation 2 Federal Income tax withheld 36,825.00 5,524.00 2,475.35 578.90 91-0001003 c Employer's name, address, and ZP code Social security wages 39,925.00 Social security tax withheld Small World Elementary School 3100 CENTRAL AVE TOLEDO, OH 43607 Mod caro wages ana tips Modcare tax withheld 39,925.00 Social seourity tips 8Allocated tips d Control number Verification code 10 Dependent care benetits e Employea's first name and initial Last name Su 11 Nonquaified plans 12a Seo instructions for box 12 3,100 12b Jennifer Hamilton 25970 Seminary Rd Perrysburg, OH 43558 14 Other 12c 120 f Employoe's address and Z1P code 5 Stat Employer's state ID number 6 State wages, tips, otc. 17 State income tax 18 Local wages, tips, eto 19 Local income tax 20 Locality 36,825.00 1657.13 36,825.00 184.13 SD 36,825.00 828.56 TOLEDO Department of the Treasury-Internal Revenue Service For Privacy Act and Paperwork Reduction Act Notice, see the separate Instructions Cat. No. 10134D Wage and Tax Statement Form Copy A For Social Security Administration- Send this entire page with Form W-3 to the Social Security Administration; photocopies are not acceptable Do Not Cut, Fold, or Staple Forms on This Page Form 1040 (2018) Page 2 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 2a b Taxable interest b Ordinary dividends b Taxable amount b Taxable amount 2b Atach Form/s W-2.Also attach 3a Qualified dividends 3b Forms) W-2G and 099-R if tax was 4a IRAs, pensions, and annuities 4a 5a Social security benefits 6 Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6 Standard deduction or itemized deductions (from Schedule A) Qualified business income deduction (see instructions) Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-0- a Tax (see inst.) b Add any amount from Schedule 2 and check here a Child tax credit/credit for other dependents Subtract line 12 from line 11. If zero or less, enter -0- Deduction for- Single or married fling separately $12,000 Married filing ointly or Qualitying 11 8 9 10 10 (check if any from: 1 Forms) 8814 2 Form 4972 3 b Add any amount from Schedule 3 and check here 12 12 Head of $18,000 any box under 13 13 14 15 16 If you checked 14 Other taxes. Attach Schedule 4 15 16 17 Total tax. Add lines 13 and 14 Federal income tax withheld from Forms W-2 and 1099 Refundable credits: a EIC (see inst.) Add any amount from Schedule 5 Add lines 16 and 17. These are If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid Amount of line 19 you want refunded to you. If Form 8888 is attached, check here Routing number b Sch. 8812 c Form 8863 18 19 20a 17 18 19 20a your total Direct deposit? See instructions. b c Type: Checking d Account number 21 Amount of line 19 you want to 2019 estimated tax 21 Amount You Owe 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions 23 Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2018 o535-22-4466 number 22222ldlaEn For Official Use Only OMB No. 1545-0008 dentification number Wages, tps, other Income tax withheld 163,645.00 Social security wages 127,200.00 91-0001002 31,000.00 c Employer's name, address, and ZIP code 3 4Social security tax withheld 7886.40 Flyby Airlines 375 West Flight Blvd. Las Vegas, NV 89119 Medicare wages and tps Medicare tax withheld 178,645.00 Soclial security tips 2,590.35 8 Allocated tips number code 10 care benetits e Employee's first name and Initial Last name Sutf 11 Nonqualifled plans 12a See Instructions for box 12 D 15,000 12b Keith Hamilton 25970 Seminary Rd Perrysburg, OH 43558 14 Other 120 120 f Employoe's address and ZiP code 15 Stae Employers state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, et 19 Local income tax 20 Locaity SD 987654321 163,645.00 0.00 163,645.00 818.23 163,645.00 2,454.68 PERRYS Fo W-2 Wage and Tax Statement Copy A For Social Security Administration- Send this entire page with Form W-3 to the Social Security Administration; photocopies are not acceptable. Department of the Treasury-Internal Revenue Service For Privacy Act and Paperwork Reduction Act Notice, seo the separate instructions. Cat. No. 10134D Do Not Cut, Fold, or Staple Forms on This Page 3. Jennifer received the following Form W-2 for 2018 from Small World Elementary School. 22222 | void |a E 535-44-225ecurity number OMB No. 1545-0008 b Employor lidentification number( 1 Wages, tips, othar compensation 2 Federal Income tax withheld 36,825.00 5,524.00 2,475.35 578.90 91-0001003 c Employer's name, address, and ZP code Social security wages 39,925.00 Social security tax withheld Small World Elementary School 3100 CENTRAL AVE TOLEDO, OH 43607 Mod caro wages ana tips Modcare tax withheld 39,925.00 Social seourity tips 8Allocated tips d Control number Verification code 10 Dependent care benetits e Employea's first name and initial Last name Su 11 Nonquaified plans 12a Seo instructions for box 12 3,100 12b Jennifer Hamilton 25970 Seminary Rd Perrysburg, OH 43558 14 Other 12c 120 f Employoe's address and Z1P code 5 Stat Employer's state ID number 6 State wages, tips, otc. 17 State income tax 18 Local wages, tips, eto 19 Local income tax 20 Locality 36,825.00 1657.13 36,825.00 184.13 SD 36,825.00 828.56 TOLEDO Department of the Treasury-Internal Revenue Service For Privacy Act and Paperwork Reduction Act Notice, see the separate Instructions Cat. No. 10134D Wage and Tax Statement Form Copy A For Social Security Administration- Send this entire page with Form W-3 to the Social Security Administration; photocopies are not acceptable Do Not Cut, Fold, or Staple Forms on This Page Form 1040 (2018) Page 2 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 2a b Taxable interest b Ordinary dividends b Taxable amount b Taxable amount 2b Atach Form/s W-2.Also attach 3a Qualified dividends 3b Forms) W-2G and 099-R if tax was 4a IRAs, pensions, and annuities 4a 5a Social security benefits 6 Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6 Standard deduction or itemized deductions (from Schedule A) Qualified business income deduction (see instructions) Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-0- a Tax (see inst.) b Add any amount from Schedule 2 and check here a Child tax credit/credit for other dependents Subtract line 12 from line 11. If zero or less, enter -0- Deduction for- Single or married fling separately $12,000 Married filing ointly or Qualitying 11 8 9 10 10 (check if any from: 1 Forms) 8814 2 Form 4972 3 b Add any amount from Schedule 3 and check here 12 12 Head of $18,000 any box under 13 13 14 15 16 If you checked 14 Other taxes. Attach Schedule 4 15 16 17 Total tax. Add lines 13 and 14 Federal income tax withheld from Forms W-2 and 1099 Refundable credits: a EIC (see inst.) Add any amount from Schedule 5 Add lines 16 and 17. These are If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid Amount of line 19 you want refunded to you. If Form 8888 is attached, check here Routing number b Sch. 8812 c Form 8863 18 19 20a 17 18 19 20a your total Direct deposit? See instructions. b c Type: Checking d Account number 21 Amount of line 19 you want to 2019 estimated tax 21 Amount You Owe 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions 23 Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2018Step by Step Solution
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