Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information to complete 2017 Form 1040 and 2017 Schedule A. You do not need to complete any additional forms that might be

Use the following information to complete 2017 Form 1040 and 2017 Schedule A. You do not need to complete any additional forms that might be mentioned on the 1040. You don’t need cents on a tax return so round to whole dollar. Ignore any phase out requirements or limitations, for example, don’t limit itemized deduction if AGI is greater than $156,900.

2
NameLuke Williams
SSN888-88-8888
Age45
Other
Street Address7583 Circle Drive
CityPhoenix
StateArizona
Zip88888
Filing StatusMarried Filing Jointly
Spouse NameCarlie Williams
Spouse SSN123-45-6789
Spouse Age44
Dependent NameBennett Williams
Dependent SSN123-46-9876
Dependent Age8
Dependent NameJack Williams
Dependent SSN879-73-1597
Dependent Age19
Dependent Name
Dependent SSN
Dependent Age
1/2 of Self Employment Tax1,500
2017 Estimated Tax Payments2,000
Alimimony Paid-
Alimony Received-
Business Income20,000
Charitable Contributions by Check432
Credit for Childcare Expenses832
Eligible for Child Tax CreditYes; but evaluate age
Educator Expenses800
Federal Income Tax Withheld8,000
Home Mortgage Interest1,397
IRA Deduction-
Medical Expenses6,500
Non-Taxable Interest50
Ordinary Dividends3,587
Other Income
Rental Income-
Real Estate Taxes6,851
Residential Energy Credit-
State Income Taxes2,800
State Sales Taxes3,200
Student Loan Interest-
Taxable Interest750
Tax Preparation Fees50
Unreimbursed Employee Expenses2,000
Unreimbursed Moving Expenses-
Vehicle Taxes (Personal Property Tax)768
Wages77,521

U.S. Individual Income Tax Return OMB No. 1545-0074 us use Oriy-Do not write or staple n the space 2017, ercing See separate instructions. Your social security number For the year Jan 1-Cec. 31, 2017, or other tax year beginning 20 t name and initial Last name f a joint retum, spouses first narne and inital s social security number box, see Make sure the SSNs) abave and an line 8c are carrect. Presidental Election Campaign here if you, or your spouse it ring want 53 to go to tris fung. Checking Foreign country name posa code a box below will ot change your taxo You Spouse le 4 Head of household (with quaifying person!See instructions.) If the qualifying person is a chld but nat your dependent, enter tis chids name hore. Qualifying widow(er) (see instructions) Filing Status 2 3 Married filing jointly leven Married filing separately. Enter spouses SSN above and full name here. only one had income) check only one 5 Boxes checked on 6a and 6b No. of children on 6c who 6a- Yourself. It someone can claim you as a dependent, do not check box 6a Exemptions (2) Dependents scial security number (3) Dependents (4)under ape 17 relationship toyualitying for chid tax credit lived with you live with ip Frst ame Last name not If more than four se0 Dependents on Gc net entered above check here Add numbers on linen above d Total number of 7 Wages, sa aries, tips, etc. Attach Form(s) W-2 8a Taxable interest. Attach Schedule B if required Income Tax-exempt interest. Do not include on line Ba Ordinary dividends. Attach Schedule B requred b Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax 9a 9a . b Qualfied dividends 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 12 Business income or (loss). Attach Schedule C or C-EZ 13 Capital gain or (loss). Attach Schedule D if requred. If not required, check here 14 Other gains or (osses). Attach Form 4797 .. | 13 If you did not b Taxable amount b Taxable amount see instructions. 15a IRA distributions 16b 17 16a Pensions and annuities 16a 17 Rental real estate, royaities, partnerships, S corporations, trusts, etc. Attach Schedule E 18 Farm income or (oss). Attach Schedule F 19 Unemployment compensation 20a Social security benefits 20a 21 Other income. List type and amount 22 Combine the amounts in the far right column for Ines 7 23 Educator 24 Certain business expenses of reservists, performing artists, and b Taxable amount 20b h 21 . This is your total income Adjusted Gross Income fee-basis government officials. Attach Form 2106 or 2106-EZ 25 Health savings account deduction. Attach Form 8889 25 Moving expenses. Attach Form 3903 27 Deductibla part of sat-employment tax. Attach Schedula SE 27 28 Self-employed SEP, SIMPLE, and qualfied plans 29 Self-employed health insurance deduction 30 Penaity on early withdrawal of savings 31 a Alimony paid b Recipients SSN 32 IRA deduction . . 33 Student loan interest deduction 34 Reserved for future use 35 Domestic production activities deduction. Attach Form 8903 35 36 Add lines 23 through 35 37 Subtract line 36 from line 22. This is 34 36 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 113208 Form 1040 (2017)

1040 For the year Jan. 1-Dec. 31, 2017, or other tax year beginning Your first name and initial If a joint return, spouse's first name and initial Foreign country name Home address (number and street). If you have a P.O. box, see instructions. Filing Status Check only one box. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Exemptions Department of the Treasury-Internal Revenue Service (99) U.S. Individual Income Tax Return 2017 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space 2017, ending ,20 See separate instructions. Your social security number If more than four dependents, see instructions and check here Income Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. If you did not get a W-2, see instructions. Adjusted Gross Income 1 2 3 6a b c (1) First name 10 11 12 13 14 15a 16a 17 18 19 20a 21 22 23 24 25 26 27 28 29 Last name 30 31a 32 Last name 33 34 Single Married filing jointly if only one had income) Married filling separately. Enter spouse's SSN above and full name here. Last name Foreign province/state/county d Total number of exemptions claimed 8a 7 Wages, salaries, tips, etc. Attach Form(s) W-2 Taxable interest. Attach Schedule B if required Tax-exempt interest. Do not include on line 8a Ordinary dividends. Attach Schedule B if required b 9a b Qualified dividends *** 9b Taxable refunds, credits, or offsets of state and local income taxes Alimony received. Business income or (loss). Attach Schedule C or C-EZ Capital gain or (loss). Attach Schedule D if required. If not required, check here Other gains or (losses). Attach Form 4797. IRA distributions. 15a b Taxable amount Pensions and annuities 168 b Taxable amount Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F Unemployment compensation Social security benefits 20a Other income. List type and amount Combine the amounts in the far right column for lines 7 through 21. This is your total income Educator expenses. 23 5 Yourself. If someone can claim you as a dependent, do not check box 6a Spouse Dependents: (2) Dependent's social security number (3) Dependent's relationship to you Penalty on early withdrawal of savings. Alimony paid b Recipient's SSN IRA deduction ... Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ Health savings account deduction. Attach Form 8889 Moving expenses. Attach Form 3903. Deductible part of self-employment tax. Attach Schedule SE Self-employed SEP, SIMPLE, and qualified plans Self-employed health insurance deduction . Student loan interest deduction. Reserved for future use. Domestic production activities deduction. Attach Form 8903 8b 24 25 26 27 28 29 30 31a 32 Foreign postal code b Taxable amount 33 34 35 Apt. no. Head of household (with qualifying person). (See instructions) If the qualifying person is a child but not your dependent, enter this child's name here. Qualifying widow(er) (see instructions) 35 36 Add lines 23 through 35. 37 Subtract line 36 from line 22. This is your adjusted gross income For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. (4) child under age 17 qualifying for child tax credit (see instructions) + Spouse's social security number 0 Presidential Election Campaign Check here if you or your spouse it fing jointy, want $3 to go to this fund. Checking a box below will not change your tax or refund You Spouse + 7 Ba 9a 10 11 12 13 14 15b 16b 17 18 19 20b Make sure the SSN() above and on line 6e are correct. 21 22 36 37 Cat. No. 113208 Boxes checked on Ga and 6b No. of children on 6c who: lived with you did not live with you due to divorce or separation (see instructions) Dependents on c not entered above Add numbers on lines above Form 1040 (2017)

Step by Step Solution

3.40 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

Answer 1040 For the year Jan 1Dec 31 2017 or other tax year beginning Your first name and initial Lu... 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

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby

5th edition

78025915, 978-1259115400, 1259115402, 978-0078025914

More Books

Students also viewed these Accounting questions