Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tax Return #2 Go to the IRS web page and download a Form 1040 for 2022 and save it to your computer or flash drive.

Tax Return #2

Go to the IRS web page and download a Form 1040 for 2022 and save it to your computer or flash drive. The web: www.irs.gov Go to -->more forms, current forms and publications, type 1040 in the search box. Be sure to save this form on your computer; please "save as" Your Name Tax Return 2" Type into the PDF form and when it is complete be sure to save it! Put your name on the return. Make up an address and social security number. Complete the return based on the following data: Choose Single as your tax status

Salary $36,000 with Federal tax withholding of 3,000,

Interest Income -Chase Bank $50 and

Ford Company qualified dividends $ 3000. Note that qualified dividends and long-term capital gains are taxed at a preferred rate. You will go to the instructions and look up the tax amount from the tax tables for the amount of taxable income excluding. Form 1040 Instructions page 36.

Be sure to attach all Forms and Schedules required in addition to the Form 1040

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Approach With Data Analytics

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

2nd Edition

1119786045, 978-1119785996

More Books

Students also viewed these Accounting questions