Your relatives, Jacob and Taylor Weaver, have asked for your help in completing their tax...
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Accounting
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 on eventually becoming 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 yearold high school graduate, lives at home, and works parttime at a service station, saving money for college. In he earned $ as reported on his W form. Federal taxes withheld were $; state taxes withheld were $ 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 His address is Happy Lane, Happytown, MN Use IRS.gov and the IRS Interactive Tax Assistant and Tax Trails tools to find answers to the following tax questions. Copy and paste answers to these questions from the IRS resources into a Word document for submission. 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?
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 on
eventually
becoming 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 yearold high school graduate, lives at home, and works parttime at a service station, saving money for college. In he earned $ as reported on his W form. Federal taxes withheld were $; state taxes withheld were $
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 His address is Happy Lane, Happytown, MN Use IRS.gov and the IRS Interactive Tax Assistant and Tax Trails tools to find answers to the following tax questions. Copy and paste answers to these questions from the IRS resources into a Word document for submission.
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?
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