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What steps should you take when completing a tax return? When preparing a tax return, it is important to complete each step in the order
What steps should you take when completing a tax return?
When preparing a tax return, it is important to complete each step in the order prescribed.
Identify each step in completing a tax return by choosing the step from the dropdown fields below.
Step I: Determine Adjusted Gross Income A
Less
B
Equals
C
Less
tableLessStep II: Calculate Taxable Income,Larger of itemized deductions or standard deductionEqualsDStep III: Calculate Tax Liability,Calculate tax using tax tables or tax rate schedulesLessEPlusF
F
Equals
G
A
B Adjustments to gross income
C
D
E
F Other taxes
G Total tax liability owed
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