Question

Prepare the following individual’s 2019 tax returns.

1. Whitney M. Refund (257-00-4321, born 3-1-1978) provides all of the support for her son, Jeremy (364-00-5654; born 5-3-2012) who lives with her full-time. Whitney’s husband passed away in 2016 and she receives $10,000 in social security benefits. Whitney and Jeremy live at 4175 Spring St, Green Bay, WI 54313. Whitney works as a Librarian and has the following W2:

OMB No. 1545-0006 22222 a Employee's social security number 257-00-4321 b Employer identificabon number (EIN 05-1748596 c Employer's name, address, and ZP code ROS 610 Ronald Reagan Drive Evans, WI 54304 1 Wagas, tips, other compensation $73.500,00 3 Social Security wages $73,500.00 5 Medicare wages and tips $73.500.00 7 Social security tips 2 Federal income tax withheld $7,000.00 4 Social security tax withheld $4,557.00 6 Medicare tax withheld $1,066.00 8 located tips d Control number 10 Dependent care benefits Employee's first me and initial Last name Sufl. 11 Nonquified plans 12a Whitney M. Refund 4175 Spring St Green Bay, WI 54313 DD 14 Other f Employee's address and ZIP code 15 S E mployer's state ID number Wi 89-8795234 18 WAAR 16 State op $73,500.00 17 State income tax $3,000.00 Department of the Treasury-internal Reverse Service W W -2 Wage and Tax L Statement 20XX

Whitney had interest income from Associated Bank of $25.00.   

2. Ollie Bench, 17-year old, earned $8,300 during the year. His savings account earned $63. He is a dependent on his parents’ return. His W-2 shows that $421 was withheld for federal income tax purposes. Ollie's social security number is 678-98-1234. He lives at 456 Valley View Rd., Green Bay, WI 54313.

Answer 1

computation of taxable income

Particulars Amount($)

Income from salary   

Basic wages and others    73500

Income from other sources

social security benefit 10000

interest received 25

income of Minor child

interest received 63

personal income 8300

Net total Income 91888