Question
You are working for a local accountant during tax season and the accountant has asked you to help with the tax preparation needs of Russell
You are working for a local accountant during tax season and the accountant has asked you to help with the tax preparation needs of Russell and Denise Powell.
Russell and Denise Powell are married filing jointly. Their address is 525 Spencer Street Miami, FL 33054. Additional Information about Mr. and Mrs. Powell is as follows:
Russell Powell | Denise Powell |
Social Security Number: 412-34-5670 | Social Security Number: 412-34-5671 |
Date of Birth: 4/11/1971 | Date of Birth: 7/24/1974 |
W-2 For Russell shows these amounts: | W-2 for Denise shows these amounts: |
Wages (Box 1): $75,000 | Wages (Box 1): $35,000 |
Federal W/H (Box 2): $6,950 | Federal W/H (Box 2): $3,820 |
Social Security Wages (Box 3): $75,000 | Social Security Wages (Box 3): $35,000 |
Social Security W/H (Box 4): $4,650 | Social Security W/H (Box 4): $2,025 |
Medicare Wages (Box 5): $75,000 | Medicare Wages (Box 5): $35,000 |
Medicare W/H (Box 6): $1,088 | Medicare W/H (Box 6): $475 |
- Form 1099-INT for Russell and Denise show this amount: Box 1 = $3,740 Peninsula Bank
- They also received tax-exempt interest of $1,500, as well as $90 for jury duty pay when Denise went to court to serve for two days.
- Denise received two weeks of workers compensation pay for a total of $1,750.
- Dependent: Daughter Sarah Powell. Her date of birth is 6/15/2008. Her Social Security number is 412-34-5672
Fill out the appropriate tax form for Russell and Denise Powell. Tax forms can be obtained from the IRS website.
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