Question
Marie Lincoln is a head of household. She is 37 years old and her address is 4110 N.E. 13th Street, Miami, FL 33127. Additional information
Marie Lincoln is a head of household. She is 37 years old and her address is 4110 N.E. 13th Street, Miami, FL 33127. Additional information about Ms. Lincoln is as follows: Social security number: 412-34-5670 Date of birth: 1/14/1980 W-2 for Marie shows these amounts: Wages (box 1) = $ 43,600.00 Federal W/H (box 2) = $ 4,540.00 Social security wages (box 3) = $ 43,600.00 Social security W/H (box 4) = $ 2,703.20 Medicare wages (box 5) = $ 43,600.00 Medicare W/H (box 6) = $ 632.20 Form 1099-INT for Marie shows this amount: Box 1 = $500.00 from A & D Bank. Dependent: Son Steven is 10 years old. His date of birth is 5/11/2007. His social security number is 412-34-5672. Marie is an administrative assistant. Prepare the tax return for Ms. Lincoln using the appropriate form. She is entitled to a $1,000 child tax credit (this credit is discussed in Chapter 9). For now, enter the credit on the appropriate line of the form. Ms. Lincoln wants to contribute to the presidential election campaign. Ms. Lincoln had qualifying health care coverage at all times during the tax year. (Input all the values as positive numbers.) Use the appropriate Tax Tables.
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