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Using form 1040 example: Steps and explanation much appreciated! 2017 Tax Rates! Jose and Dora Hernandez are married filing jointly. They are 50 and 45
Using form 1040 example: Steps and explanation much appreciated! 2017 Tax Rates!
Jose and Dora Hernandez are married filing jointly. They are 50 and 45 years old, respectively. Their address is 32010 Lake Street Atlanta, GA 30294. Additional information about Mr. and Mrs. Hernandez is as follows: Social security number Jose: 412-34-5670 Date of birth: 4/23/1967 W-2 for Jose shows these amounts: Dora: 412-34-5671 Date of birth: 7/12/1972 W-2 for Dora shows these amounts Wages (box 1) $31,000.00 Federal W/H (box 2) 3,650.00 Social security wages (box 3) S45,800.00 Social security wages (box 3)-$31,000.00 Social security W/H (box 4)-S 2,839.60 Social security W/H (box 4) 1,922.00 Medicare wages (box 5)-$31,000.00 Medicare W/H (box 6)$449.50 Wages (box 1)-$45,800.00 Federal W/H (box 2)-S 6,160.00 Medicare wages (box 5)-$45,800.00 Medicare W/H (box 6 664.10 Form 1099-INT for Jose and Dora shows this amount Box $300.00 from City Bank Dependent: Daughter Adela is 5 years old. Her date of birth is 3/15/2012. Her social security number is 412-34-5672 Jose is a store manager, and Dora is a receptionist Prepare the tax return for Mr. and Mrs. Hernandez using the appropriate form. They are entitled to a $1,000 child tax credit (this credit is discussed in Chapter 9). For now, enter the credit on the appropriate line of the form. They want to contribute to the presidential election campaign. Mr. and Mrs. Hernandez had qualifying health care coverage at all times during the tax year
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