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Please create a Federal Form 1040 Thanks so much!!! Facts: 1. Armando Z. and Lourdes K. Gonzales are married and file a joint return. Armando
Please create a Federal Form 1040
Thanks so much!!!
Facts: 1. Armando Z. and Lourdes K. Gonzales are married and file a joint return. Armando is self-employed as a dentist, and Lourdes is a college professor. Armando and Lourdes have three children. The oldest is time during the year, earning $1,500, which he spent for his own support. Armando and Lourdes provided $6,000 toward Ricardo's support (including $4,000 for Ricardo's fall tuition). They also provided over half the support of their daughter, Selena, who is a full-time student at Edgecliff College in Cincinnati. Selena worked part time as an independent contractor during the year, earning $3,200. husband, Tony, who earned $20,000 during the year. Felipe is the youngest and lived in the Gonzales's home for the entire year. The Gonzaleses provide you with the following additional information Armando and Lourdes would like to take advantage on their return of any educational expenses paid for their children The Gonzaleses do not want to contribute to the presidential election campaign. . The Gonzaleses live at 621 Franklin Avenue, Cincinnati, Ohio 45211 Armando's birthday is 3/5/1957 and his Social Security number is 333-45-6666. Lourdes's birthday is 4/24/1960 and her Social Security number is 566-77-8888. Ricardo's birthday is 11/6/1992 and his Social Security number is 576-18-7928. Selena's birthday is 2/1/1996 and her Social Security number is 575-92-4321. .Felipe's birthday is 12/12/2003 and his Social Security number is 613-97-8465 The Gonzaleses do not have any foreign bank accounts or trusts 2. Lourdes is a lecturer at Xavier University in Cincinnati, where she earned $30,000. The university withheld federal income tax of $3,375, state income tax of $900, Cincinnati city income tax of $375, $1,860 of Social Security tax, and $435 of Medicare tax. She also worked part of the year for Delta Airlines. Delta paid her $10,000 in salary, and withheld federal income tax of $1,125, state income tax of $300, Cincinnati city income tax of $125, Social Security tax of $620, and Medicare tax of $145 3. The Gonzaleses received $800 of interest from State Savings Bank on a joint account. They received interest of $1,000 on City of Cincinnati bonds they bought in January with the proceeds of a loan from Third National Bank of Cincinnati. They paid interest of $1,100 on the loan. Armando received a dividend of $540 on General Bicycle Corporation stock he owns. Lourdes received a dividend of $390 on Acme Clothing Corporation stock she owns. Armando and Lourdes received a dividend of $865 on jointly owned stock in Maple Company. All of the dividends received in 2015 are qualified dividends. 4. Armando practices under the name "Armando Z. Gonzales, DDS." His business is located at 645 West -8 Avenue, Cincinnati, Ohio 45211, and his employer identification number is 01-2222222. Armando's gross receipts during the year were $111,000. Armando uses the cash method of accounting for his business. Armando's business exnenses are as followsStep by Step Solution
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