Question 10

John, Betty, and their son Rick are a family of three. Their W2's are as follows:

John's W2

Box No.	Item	Amount
1.	Wages, tips, other compensation	69,350
2.	Federal income tax withheld	13,870
3.	Social security wages	73,000
4.	Social security tax withheld	3,066
5.	Medicare wages and tips	73,000
6.	Medicare tax withheld	1,059
14.	Retirement contribution	3,650
17.	State income tax	2,190

Betty's W2

Box No.	Item	Amount
1.	Wages, tips, other compensation	45,000
2.	Federal income tax withheld	9,000
3.	Social security wages	50,000
4.	Social security tax withheld	2,100
5.	Medicare wages and tips	50,000
6.	Medicare tax withheld	725
14.	Retirement contribution	5,000
17.	State income tax	1,500

They received $500 taxable interest and $600 ordinary dividends. During the year, they realized $1,000 of short-term capital gain. They did not have any capital loss carryover. They plan to elect the standard deduction of $25,100 for married couples filed jointly. Assume that tax rate is 30%.

In Form 1040, what is box 1, wages?

What is box 11, adjusted gross income (AGI)?

What is box 15, taxable income?

What is box 16, tax (assume 30% tax rate)?

What is the amount of tax due?

PLEASE MATCH THE NUMBERS OFFERED IN THE CHART BELOW TO THE CHART BELOW IT.

1.	114,350
2.	4,535
3.	116,450
4.	27,405
5.	91,350
6.	22,870
7.	1,000
8.	116,450

Tax due
	Box 15, taxable income
	Box 16, tax
	Box 11, AGI
	Box 1, wages

If you don't use the numbers offered in the first chart below the questions, you will recieve a thumbs down.