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|Revenue from Web design work||5000|
|Associated expenses from web design work||-1000|
|State income Tax refund||300|
|Deductions for A G I|
|Adjusted Gross Income||70500|
|Real property taxes||3300|
|State income tax||4800|
|Home m or tag age||13000|
|Donation of furniture||500|
|u n reimbursed expenses||750|
|Total itemized deductions||33150|
|personal & dependency exemption||7150|
|Federal Income Tax||6320.5|
|Self Employment firstname.lastname@example.org%||612|
Required information [The following information applies to the questions displayed belowj John and Sandy Ferguson got...
Required information (The following information applies to the questions displayed below.) Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective June 1, 2005). Marc and Michelle have a 10-year-old son,...
What is the amount for qualified business deduction I tried $0, $4000.00 and $$3,250 Required information [The following information applies to the questions displayed below.] John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2019, John worked as a computer technician at a local university earning a salary of $152,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work...
John and Sarah are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. John contributed $2,500 to an individual retirement account, and John paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective June 1, 2005). John and Sarah have a 10-year-old son, Michael, who lived with them throughout the entire year. Thus, John...
Form 1040 Complete Patty's Form 1040 Form Department of the Treasury-Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return2018 OMB No. 1545-0074 IRS Use Only Filing status: Single Your first name and initial Patty Your standard deduction: None Your social security number 466-33-1234 Last name Banyan If joint return, spouse's first name and initial Last name Spouse's social security number Full-year health care coverage or exempt (see inst.) Spouse standard deduction: None Home address (number and street). If you...
PLEASE SHOW WORK ASAP Margaret O'Hara has been divorced for about two years. She is 28 years old, and her address is 979 Adams Street, Jacksonville, FL 32202. Additional information about Ms. O'Hara is as follows: Social security number: 412-34-5670 Date of birth: 6/17/1990 Alimony received- $24,000.00 W-2 for Margaret shows these amounts: Wages (box 1)-$38,000.00 Federal W/H (box 2)-$ 7,820.00 Social security wages (box 3)-$38,000.00 Social security W/H (box 4) 2,356.00 Medicare wages (box 5)-$38,000.00 Medicare W/H (box 6)-...
You are to prepare a tax return using the following information. You will need to use Form 1040, Schedule B if applicable, you determine (Read requirements in text). John Brown, age 53, (social security number 554-78-4556) is single and is supporting his 18 year old son, David (social security number 444-55-7777). David is a student at MirMonte High School. They live in a rented home at 1245 West 5Th Street, Coalinga, CA. John is employed as a engineer and received...
complete a 1040 (2019) Donna Jones, an administrative assistant. resides at 123 Main Street, Lawrenceville, NJ V0048. She is single and has no dependents. Her social security number is 123-44-5500. She received $26,159.00 in wages and had $2.200.00 of federal income tax withheld during 2019. Donna also had $390.00 in interest income from her bank account and made $150.00 of charitable contributions during the year. Prepare her 2019 1040. One box UTU Treasury Internal Revenue Service ) U.S. Individual Income...
Please answer all the questions. Thanks. Based on Exhibit 4-2, Form 1040. Please see attached Forms1040 for 2018 and 2017. Note three similarities and three differences between the 2017 tax form and the 2018 draft form 1040 Three differences: 2. 3. Three similarities: 2. 3. Comment 1040U, Individual Income Tax Retum21sr Home addressnuber and str you have a PO bex, see instrutions 1 Single Mamied fling jointly leven if only ane had income Check only one3Married fling separately. Enter spouse's...
Comprehensive Problem 6-52 (LO 6-1, LO 6-2, LO 6-3) [The following information applies to the questions displayed below.] Read the following letter and help Shady Slim with his tax situation. Please assume that his gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2019 To the friendly student tax preparer: Hi, it’s Shady Slim again. I just got back from my 55th birthday party, and I’m told that you need some more information...
Please carefully look at the instructions and asnswe it. i have also attached the 2019 1040 Form and Schedule 1. Please show your work on the tax return form as well. Thank you so much in advance Use 2020 Tax Rates Schedules That is all the information i have Required information [The following information applies to the questions displayed below.) Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,...