Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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: 1/14/1982 W-2 for Marie shows these amounts: Wages (box 1) - $43,600.00 Federal W/H (box 2) = $ 2,488.80 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 5/11/2009. His social security number is 412-34-5672. Marie is an administrative assistant Required: Prepare the tax return for Ms. Lincoln using the appropriate form. She is entitled to a $2,000 child tax credit. For now, enter the credit on line 13a, page 2 of the 1040. She 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. Do not skip rows, while entering in Deductions section of Form 1040 PG1.) 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: 1/14/1982 W-2 for Marie shows these amounts: Wages (box 1) - $43,600.00 Federal W/H (box 2) = $ 2,488.80 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 5/11/2009. His social security number is 412-34-5672. Marie is an administrative assistant Required: Prepare the tax return for Ms. Lincoln using the appropriate form. She is entitled to a $2,000 child tax credit. For now, enter the credit on line 13a, page 2 of the 1040. She 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. Do not skip rows, while entering in Deductions section of Form 1040 PG1.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Beyond Compliance Using The Portable Universal Quality Lean Audit Model

Authors: Janet Bautista Smith

1st Edition

0873898400, 9780873898409

More Books

Students also viewed these Accounting questions

Question

4. Identify cultural variations in communication style.

Answered: 1 week ago