Question
Marie Todd 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 Todd 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. Todd is as follows: Social security number: 412-43-5760 Date of birth: 1/14/1984
W-2 for Marie shows these amounts:
Wages (box 1) $43,600.00
Federal W/H (box 2) $2,488.00
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 = $556.00 from A & D Bank.
Dependent: Son Steven is 10 years old. His date of birth is 5/11/2011. His social security number is 412-34-5672. Marie is a retail store manager.
Required: Prepare Form 1040 plus all the appropriate schedules and worksheets for Ms. Lincoln for 2021. She is entitled to a $3,000 child tax credit. For now, enter the credit on Schedule 8812, line 5. all the values as positive numbers. Instructions can be found on certain cells within the forms. Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year.
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