Question
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-oldhigh school graduate, lives at home, and works part-time at a service station, saving money for college. In 2019, 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 John's filing status?
- Is John required to file a tax return? Determine requirements for mandatory filing of a return.
- Is John a dependent?
- What is the simplest tax form to use for John? Use information from an official primary source to select a tax form.
- How much would John have to pay to file his return electronically?
Part 2: Complete John's tax return.
- Download the most appropriate form from IRS.gov and complete a tax return for John. Show all calculations in the Word document.
- Analyze official rules, instructions, and tax tables to determine the tax owed.
- Analyze off
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