Question
Richard McCarthy is a single taxpayer living at 169 Trendie Street, Apartment 6B, La Jolla, CA 92037. His Social Security number is 865-68-9635 and his
Richard McCarthy is a single taxpayer living at 169 Trendie Street, Apartment 6B, La Jolla, CA 92037. His Social Security number is 865-68-9635 and his birthdate is September 18, 1971.
In 2016, Richard was employed as a delivery person for a local pizza restaurant. Richard's W-2 showed the following:
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Richard's only other source of income during the year was a $10,000 prize he won appearing on a game show. The game show withheld $2,800 of federal income taxes before paying Richard.
He has no other adjustments to income or deductible expenses. Unfortunately, Richard's employer did not provide health care to its employees but Richard signed up for coverage through his state's health care exchange. Click here to access the Form 1095-A the exchange sent him. The repayment amount, if any, is limited to $750 for a single taxpayer at Richard's level.
Required:
Complete Richard's federal tax return for 2016. Use Form 1040, and Form 8962.
Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter "0". If required, round any amounts to the nearest dollar. Enter all amounts as positive numbers.
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