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INDIVIDUAL TAX RETURN PROBLEM 3 Required: . Use the following information to complete Rhonda Hill's 2016 federal income tax return. If information is missing, use
INDIVIDUAL TAX RETURN PROBLEM 3 Required: . Use the following information to complete Rhonda Hill's 2016 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps . The forms, schedules, and instructions can be found at the IRS website www.irs.gov). The instructions can be helpful in completing the forms Facts: 1. Rhonda Hill (unmarried) is employed as an office manager at the main office of Carter and Associates CPA firm. Rhonda lives in a home she purchased 20 years ago. Rhonda's older cousin Mabel Wright lives with Rhonda in the home. Mabel is retired and receives $2.400 of Social Security payments each year. Mabel is able to save this money because Rhonda provides all of Mabel's support. Rhonda also pro- vided the following information: . Rhonda does not want to contribute to the presidential election campaign. . Rhonda lives at 1234 Blue Ridge Way. Tulsa, Oklahoma 74101 . Rhonda's birthday is 12/18/1951 and her Social Security number is 335-67-8910 . Mabel's birthday is 11/2/1943 and her Social Security number is 566-77-8899 . Rhonda does not have any foreign bank accounts or trusts . Rhond a has qualifying insurance for purposes of the Affordable Care Act (ACA) 2. Rhonda received a Form W-2 from Carter and Associates (her employer) that con tained the following information: .Line 1 Wages, tips, other compensation . Line 2 Federal income tax withheld Line 3 Social Security wages Line 4 Social Security tax withheld Line 5 Medicare wages and tips Line 6 Medicare tax withheld . Line 16 State wages, tips, etc Line 17 State income tax Carter and Associates address is 1234 CPA Way $72,000 9,300 72,000 4,464 72,000 1,044 72.000 2,700 Tulsa, Oklahoma 74101; its FEIN is 91:0001002; and its State ID number is 123456678 3. Rhonda received $250 in interest from Tulsa City bonds, $120 interest from IBM bonds, and $15 from her savings account at UCU Credit Union. She also received a 460 dividend from Huggies Company and $500 from Bicker Corporation. Both dividends are qualified dividends. INDIVIDUAL TAX RETURN PROBLEM 3 Required: . Use the following information to complete Rhonda Hill's 2016 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps . The forms, schedules, and instructions can be found at the IRS website www.irs.gov). The instructions can be helpful in completing the forms Facts: 1. Rhonda Hill (unmarried) is employed as an office manager at the main office of Carter and Associates CPA firm. Rhonda lives in a home she purchased 20 years ago. Rhonda's older cousin Mabel Wright lives with Rhonda in the home. Mabel is retired and receives $2.400 of Social Security payments each year. Mabel is able to save this money because Rhonda provides all of Mabel's support. Rhonda also pro- vided the following information: . Rhonda does not want to contribute to the presidential election campaign. . Rhonda lives at 1234 Blue Ridge Way. Tulsa, Oklahoma 74101 . Rhonda's birthday is 12/18/1951 and her Social Security number is 335-67-8910 . Mabel's birthday is 11/2/1943 and her Social Security number is 566-77-8899 . Rhonda does not have any foreign bank accounts or trusts . Rhond a has qualifying insurance for purposes of the Affordable Care Act (ACA) 2. Rhonda received a Form W-2 from Carter and Associates (her employer) that con tained the following information: .Line 1 Wages, tips, other compensation . Line 2 Federal income tax withheld Line 3 Social Security wages Line 4 Social Security tax withheld Line 5 Medicare wages and tips Line 6 Medicare tax withheld . Line 16 State wages, tips, etc Line 17 State income tax Carter and Associates address is 1234 CPA Way $72,000 9,300 72,000 4,464 72,000 1,044 72.000 2,700 Tulsa, Oklahoma 74101; its FEIN is 91:0001002; and its State ID number is 123456678 3. Rhonda received $250 in interest from Tulsa City bonds, $120 interest from IBM bonds, and $15 from her savings account at UCU Credit Union. She also received a 460 dividend from Huggies Company and $500 from Bicker Corporation. Both dividends are qualified dividends
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