Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Married taxpayers David and Lillian Perdue file jointly and have a daughter, Erin. They live at 9 5 1 0 Bluebird Canyon Drive, Seattle, WA

image text in transcribed
Married taxpayers David and Lillian Perdue file jointly and have a daughter, Erin. They live at 9510 Bluebird Canyon Drive, Seattle, WA 99201. The Perdues own their home, which was paid off last year. David works as a salesman for the Canyon Honda car dealer and Lillian works at the same dealer as the manager of the service department. The social security number for David is 412-34-5670; for Lillian, 412-34-5671; and for Erin, 412-34-5672. Their birth dates are as follows: David, 1/18/1971; Lillian, 3/14/1971; and Erin, 11/21/2011.
Erin attends school during the day and in the afternoon attends Seattle Day Care (1 Day Street, Seattle WA 99201, EIN 92-6789012). The Perdues paid $3,150 during the year to the school for the after-school care. The Forms W-2 from Canyon Honda contained the following information:
Lillian Perdue:
Wages ( box 1)=$72,586.67
FederalWH( box 2)=$7,165.00
Social Security wages ( box 3)=$72,586.67
Social SecurityWH( box 4)=$4,500.37
Medicare wages ( box 5)=$72,586.67
MedicareWH( box 6)=$1,052.51
David Perdue:Required:Prepare the Perdues' federal tax return. Use Forms 1040,2441, and any additional appropriate schedules they may need for credits.For any missing information, make reasonable assumptions. Use the appropriate Tax Tables or Tax Rate Schedules.Note: List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Instructions can be found on certain cells within the forms. Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Do not skip rows, while entering in Dependents section of Form 1040 PG1.
Fill out the forms
image text in transcribed

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

Financial Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

7th Canadian edition

1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458

More Books

Students also viewed these Accounting questions