Using 2020 tax tables and EIC table Chapter 9 TRP 9-1 Assume the...

80.2K

Verified Solution

Question

Accounting

image

Using 2020 tax tables and EIC table

Chapter 9 TRP 9-1 Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Juliette White is a head of household taxpayer with a daughter named Sabrina. They live at 1009 Olinda Terrace, Apartment 5B, Reno, NV 78887. Juliette works at a local law firm, Law Offices of Dane Gray, and attends school in the evenings at Reno Community College (RCC). She is taking some general classes and is not sure what degree she wants to pursue yet. She is taking three units this semester. Full-time status at RCC is nine units. Juliette's mother watches Sabrina after school and in the evenings (no charge) so that Juliette can work and take classes at RCC. Social security numbers are 412-34-5670 for Juliette and 412-34-5672 for Sabrina. Their birth dates are as follows: Juliette, 10/31/1988; and Sabrina, 3/1/2013 The Form W-2 Juliette received from the Law Offices of Dane Gray contained the following information: Wages (box 1) = Federal W/H (box 2) = Social security wages (box 3) Social security W/H (box 4) = Medicare wages (box 5) = Medicare w/H (box 6) = $ 29,502.30 $ 1,007.14 $ 29,502.30 $ 1,829.14 $ 29,502.30 $ 427.78 Juliette also had the following expenses. Education expenses: Tuition for Reno Community College $ 775 Prepare Juliette's federal tax return. Use Form 1040 and any additional appropriate schedules or forms she may need for credits. For any missing information, make reasonable assumptions. (Input all the values as positive numbers. Instructions can be found on certain cells within the forms. Round your final answers to the nearest whole dollar amount. Do not skip rows, while entering in Dependents section of Form 1040 PG1.) Use the appropriate Tax Tables and EIC table. 1040 for Head of Household with one dependent. 1040 PG 1 1040 PG 2 Schedule 3 Schedule 8812 Form 8863 Schedule EIC Chapter 9 TRP 9-1 Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Juliette White is a head of household taxpayer with a daughter named Sabrina. They live at 1009 Olinda Terrace, Apartment 5B, Reno, NV 78887. Juliette works at a local law firm, Law Offices of Dane Gray, and attends school in the evenings at Reno Community College (RCC). She is taking some general classes and is not sure what degree she wants to pursue yet. She is taking three units this semester. Full-time status at RCC is nine units. Juliette's mother watches Sabrina after school and in the evenings (no charge) so that Juliette can work and take classes at RCC. Social security numbers are 412-34-5670 for Juliette and 412-34-5672 for Sabrina. Their birth dates are as follows: Juliette, 10/31/1988; and Sabrina, 3/1/2013 The Form W-2 Juliette received from the Law Offices of Dane Gray contained the following information: Wages (box 1) = Federal W/H (box 2) = Social security wages (box 3) Social security W/H (box 4) = Medicare wages (box 5) = Medicare w/H (box 6) = $ 29,502.30 $ 1,007.14 $ 29,502.30 $ 1,829.14 $ 29,502.30 $ 427.78 Juliette also had the following expenses. Education expenses: Tuition for Reno Community College $ 775 Prepare Juliette's federal tax return. Use Form 1040 and any additional appropriate schedules or forms she may need for credits. For any missing information, make reasonable assumptions. (Input all the values as positive numbers. Instructions can be found on certain cells within the forms. Round your final answers to the nearest whole dollar amount. Do not skip rows, while entering in Dependents section of Form 1040 PG1.) Use the appropriate Tax Tables and EIC table. 1040 for Head of Household with one dependent. 1040 PG 1 1040 PG 2 Schedule 3 Schedule 8812 Form 8863 Schedule EIC

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students