I do not understand how the total taxes paid & the taxable amount under annuities. please show your work so I can understand. This tax return is in the Us.
Please complete the 2017 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the form(s) w/-2 to the front page of the Form 1040. Iif required information is missing, use reasonable assumptions to fill in the gaps. Bob (age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children Jared, age 15, and Alese, age 12. The Grants would like to file a joint tax return for the year. The following information relates to the Grants' tax year Bob's Social Security number is 987-45-1234 Melissa's Social Security number is 494-37-4893 Jared's Social Security number is 412-32-5690 Alese's Social Security number is 412-32-6940 . e e The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502 . Jared and Alese are tax dependents for federal tax purposes Bob Grant's Forms W-2 provided the following wages and for the year Employer Gross Wages s Federal Income Tax State Income Tax National Storage $66,200 $8,000 $3,750 Lexington Little League $2,710 Melissa Grant's Form W-2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax State Income Tax WithholdingWitholding Jensen Photography $24,500 2,450 $1,225 All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All the Grant family was covered by minimum essential health insurance during each month in 2017. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob 130 Inr $675 $4,350 Please complete the 2017 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the form(s) w/-2 to the front page of the Form 1040. Iif required information is missing, use reasonable assumptions to fill in the gaps. Bob (age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children Jared, age 15, and Alese, age 12. The Grants would like to file a joint tax return for the year. The following information relates to the Grants' tax year Bob's Social Security number is 987-45-1234 Melissa's Social Security number is 494-37-4893 Jared's Social Security number is 412-32-5690 Alese's Social Security number is 412-32-6940 . e e The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502 . Jared and Alese are tax dependents for federal tax purposes Bob Grant's Forms W-2 provided the following wages and for the year Employer Gross Wages s Federal Income Tax State Income Tax National Storage $66,200 $8,000 $3,750 Lexington Little League $2,710 Melissa Grant's Form W-2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax State Income Tax WithholdingWitholding Jensen Photography $24,500 2,450 $1,225 All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All the Grant family was covered by minimum essential health insurance during each month in 2017. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob 130 Inr $675 $4,350
