Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tax Return Problem 3 Jin Xiang is single and lives at 2468 North Lake Road in Deerwood, MN 56444. Her SSN is 412-34-5670. She

image text in transcribed

Tax Return Problem 3 Jin Xiang is single and lives at 2468 North Lake Road in Deerwood, MN 56444. Her SSN is 412-34-5670. She worked the entire year for Lakeland Automotive. The Form W-2 from Lakeland contained information in the following boxes: Wages (box 1) = $43,989.28 Federal W/H (box 2) = $ 4,683.91 Social Security wages (box 3) = $43,989.28 Social Security W/H (box 4) = $ 2,727.34 Medicare wages (box 5) = $43,989.28 Medicare W/H (box 6) = $ 637.84 On the weekends, Jin worked at Parts-Galore, a local auto parts store. The Form W-2 from Parts-Galore contained information in the following boxes: Wages (box 1) = $11,591.87 Federal W/H (box 2) = $ 548.82 Social Security wages (box 3) = $11,591.87 Social Security W/H (box 4) = $ 718.70 Medicare wages (box 5) = $11,591.87 Medicare W/H (box 6) = $ 168.08 Jin also received a Form 1099-INT from Minnesota Savings and Loan. The amount of interest income in box 1 of the Form 1099-INT w $149.22. Prepare a Form 1040 for Jin.

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions