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Tax return question Tax Return Problem 1 John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address
Tax return question
Tax Return Problem 1 John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street, Atlanta, GA 30294. Additional information about Mr. and Mrs. Holloway is as follows: Social security numbers: John: 412-34-5670 Date of birth: 3/4/1982 W-2 for John shows the se amounts: Martha: 412-34-5671 Date of birth:8/20/1986 W-2 for Martha shows these amounts: Wages (box 1)- $35,500.00 Federal W/H (box 2)$ 4,100.00 Social security wages (box 3) - $22,000.00 Social security wages (box 3) $35,500.00 Social security WH (box 4) 1,364.00 Social security W/H (box 4)$ 2,201.00 Medicare wages (box 5) $22,000.00 Medicare wages (box 5) $35,500.00 Medicare W/H (box 6)-$ 514.75 Wages (box 1)- $22,000.00 Federal WH (box 2) $ 2,200.00 Medicare WH (box 6) 319.00 Form 1099-DIV for Martha shows this amount: Box 1a and box 1b $345.00 from MAR Brokerage. Form 1099-INT for Martha shows these amounts: Box 1 $450.00 from ABC Bank Box 4 $35.00. John is a maintenance worker, and Martha is a human resources manager. page 3-41 Prepare the tax return for Mr. and Mrs. Holloway using the appropriate form. They want to contribute to the presidential election campaign. Mr. and Mrs. Holloway had qualifying health care coverage at all times during the tax year Step by Step Solution
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