Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need asap Tax Return-Individual Number One (after Chapter 4). Instructions: Please complete the 2021 federal income tax return for Jonathan Hales. Be sure to include

need asap
image text in transcribed
Tax Return-Individual Number One (after Chapter 4). Instructions: Please complete the 2021 federal income tax return for Jonathan Hales. Be sure to include only required tax forms when completing the tax return. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Jonathan Hales attended State University as a part-time student during the year. Jonathan lived at home with his parents while working a part-time job. The following information relates to 2021: - Jonathan's Social Security number is 546879876 - His mailing address is 123 Spring Lane, Willow, Texas 77521 - Jonathan is a U.S citizen - Jonathan was single during the entire year - Jonathan turned 19 on July 1,2021 - Jonathan does not have any children or provide support for anyone but himself - Jonathan lived in a room in the basement of his parents' home for all 12 months of the year - For the year Jonathan's parents provided $16,500 of support including room and board, a car. health insurance, clothing, education, and car insurance. - Jonathan was included on his father's qualified minimum health insurance coverage plan for all 12 months during the year. Jonathan received the following income during the year as reported on a Form W-2: All applicable and appropriate payroll taxes were witheld by his various employers. Jonathan received $12 in interest income from the First Bank of Texas during the year. Jonathan did not own, control, or manage any foreign bank accounts, nor was he a grantor or beneficiary of a foreign trust during the tax year. Further, Jonathan did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency. Jonathan received his Economic Impact Payment (stimulus check) in the full amount during 2021. Jonathan had no itemized deductions. Jonathan does not want to contribute to the Presidential Election Campaign Fund. He would like to receive a refund (if any) of any tax he may have overpaid for the year. His preferred method of receiving the refund is by check

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

Corporate Financial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

12th edition

1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411

More Books

Students also viewed these Accounting questions

Question

Describe the planned-change model

Answered: 1 week ago