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[Problem 6] [11 points]. Given the following information and situations, fill in the required parts within the Form 1040. You need NOT consider other tax
[Problem 6] [11 points]. Given the following information and situations, fill in the required parts within the Form 1040. You need NOT consider other tax forms (e.g., Schedule A, Schedule B). Benjamin is single and his annual salary is $50,000. His company withholds $5,935 of Benjamin's salary for federal income Taxes. Benjamin received interest of $1,000 on City of Boston bond. . He sold a stock during the year and realized a loss of $5,000. The stock was acquired four years ago. Benjamin has no itemized deduction. Required: Enter the appropriate numbers for the following items in Form 1040. Please submit your Form 1040 along with the exam. Make sure your 1040 has numbers. Any blank form will receive zero credits. . Line 1 ("Wages, salaries, tips, etc.") Line 2a ("Tax-exempt interest") and 2b ("Taxable interest") Line 7 ("Capital gain or (loss)") . Line 9 ("Total income") . Line 11 ("Adjusted gross income") Line 12a ("Standard deduction or itemized deductions") Line 15 ("Taxable income") Line 25a ("Federal income tax withheld from Form W-2") Line 16 ("Tax") Line 34 ("The amount you overpaid")
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