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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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