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Prepare a 2018 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce Byrd for 2018
Prepare a 2018 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce Byrd for 2018 Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 11-11-111, respectively. Alice's birthday is September 21, 1968 and Bruce's is June 27, 1962. They live at 473 Revere Avenue, Newtown, NY 10187. Alice is the office manager for Ames Dental Clinic, 433 Broad Street. Newtown, NY 10187(employer identification number 98 7654321). Bruce is the manager of a Super Burgers fast-food outlet owned and operated by Plymouth He is also a self -employed attorney and has a part time practice. The following information is shown on their Wage and Tax Statements (For W-2) for 2018. Line Description Alice Bruce 1. Wages, tips and other compensation 2. Federal income tax withheld 3. Social Security wages 4. Social Secuity tax withheld 5. Medicare wages and tips 6. Medicare tax withheld S52,600 4,180 52,600 3,261 52,600 763 S61,500 5,990 61,500 3,813 61,500 892 15. State 16. State wages, tips, etc. 17. State income tax withheld NY 52,600 2,280 NY 61,500 2,990 Prepare a 2018 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce Byrd for 2018 Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 11-11-111, respectively. Alice's birthday is September 21, 1968 and Bruce's is June 27, 1962. They live at 473 Revere Avenue, Newtown, NY 10187. Alice is the office manager for Ames Dental Clinic, 433 Broad Street. Newtown, NY 10187(employer identification number 98 7654321). Bruce is the manager of a Super Burgers fast-food outlet owned and operated by Plymouth He is also a self -employed attorney and has a part time practice. The following information is shown on their Wage and Tax Statements (For W-2) for 2018. Line Description Alice Bruce 1. Wages, tips and other compensation 2. Federal income tax withheld 3. Social Security wages 4. Social Secuity tax withheld 5. Medicare wages and tips 6. Medicare tax withheld S52,600 4,180 52,600 3,261 52,600 763 S61,500 5,990 61,500 3,813 61,500 892 15. State 16. State wages, tips, etc. 17. State income tax withheld NY 52,600 2,280 NY 61,500 2,990
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