Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your relatives, Jacob and Taylor Weaver, have asked for your help in completing their tax return because they know you took an income tax course

Your relatives, Jacob and Taylor Weaver, have asked for your help in completing their tax return because they know you took an income tax course at Capella. You caution them that while you plan oneventuallybecoming an accountant, you are no expert. You agree to informally assist them with basic information gleaned from the IRS Web site. At least you know how to find information.

John Weaver, Jacob and Taylor's son, is a 17-year-old high school graduate, lives at home, and works part-time at a service station, saving money for college. In 2018, he earned $5,242.00, as reported on his W-2 form. Federal taxes withheld were $940; state taxes withheld were $179.

He does not know his filing status, or if he even has to file a tax return. He is covered by his parents' health insurance. His father thinks he can claim John as a dependent. John has no other income. John's Social Security number is 123-45-6789. His address is 1234 Happy Lane, Happytown, MN 50000.

What is the simplest tax form to file with?

1040

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Accounting And Social Theory An Introduction

Authors: Lisa Jack

1st Edition

1138100714, 9781138100718

More Books

Students also viewed these Accounting questions