SCHEDULE -B (FORM 1040)
INTEREST AND ORDINARY DIVIDENDS
PARTICULARS. $
acorn corporation bond interest. 700
City of Boston bond interest. 1000
Camp bank interest. 1300
Total. 3000
Less : interest on EE Us saving NIL
Bonds issued after 1989
Total. 3000
PART -2 ORDINARY DIVIDEND
Capital gain distribution. 100
Ordinary dividend (qualified). 150
Non taxable distribution. 200
Blue corporation foreign dividend. 250
Total. 700
SCHEDULE -1: ADDITIONAL INCONE AND ADJUSTMENTS TO INCOME
PART -1. ADDITIONAL INCOME
salary. $70000
Rent income. $12000
Total. $82000
PART -2 : ADJUSTMENT TO INCOME
Expenses related to rent income. $14000
Pension benefits. $7000
Taxable alimony paid to sally. $4000
Total. $25000
need to prepare for 2019 form 1040, schedule b and schedule 1 please. my professor said...
The IRS has blank forms to complete the practice problem:https://www.irs.gov/pub/irs-pdf/f1040.pdf https://www.irs.gov/pub/irs-pdf/f1040sb.pdf https://www.irs.gov/pub/irs-prior/f1040s1--2020.pdf Acorn Corporation bond interest $700City of Boston bonds interest $1,000Camp Bank interest $1,250Jet Corporation dividend (qualified) $1,300North Mutual fund Capital gain distribution $100 Ordinary dividend (qualified) $150 Nontaxable distribution $200 $450Blue Corporation foreign dividend $250Additional information pertaining to Sally Emanual includes:Salary $70,000Rent Income $12,000Expenses related to rent income $14,000Pension benefits $7,000Taxable alimony paid to Sally $4,000The taxable portion of the pension is $7,000. Sally actively participates in the...
Sally W. Emanual, a teacher, had the following dividends and interest during the current year: Acorn Corporation bond interest $700 City of Boston interest 1,000 Camp Bank interest 1.250 Jet Corporation dividend (qualified) 1,300 North Mutual fund Capital gain distribution 100 Ordinary dividend (qualified) 150 Non-taxable distribution 200 450 Blue Corporation foreign dividend 250 Additional information pertaining to Sally Emanual includes: Salary $70,000 Rent income 12,000 Expenses related to rent income 14,000 Pension benefits 7,000 Taxable alimony paid to Sally...
I need Form 1040 (2018), Schedule 1, Schedule B, and Schedule A check figure - Taxable Income $36,012 you can do only Form 1040 and Schedule 1 for year 2018 7-61 Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for the current year: • Received a $30,000 salary from her employer, who withheld $4,200 federal income...
form 1040, schedule 1, schedule B 2018 or 2019 1:4 61 Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for the current year • Received a $30,000 salary from her employer, who withheld $4,200 federal income tax • Received a gift of 1,000 shares of Ace Corporation stock with a $100,000 FMV from her mother. She...
21. Taxable interest received by the taxpayer is reported on which of the following forms? A. Form 1040 (second page) and Schedule A. B. Form 1040 (second page) and Schedule B. C. Form 1040 (second page) and Schedule D. 22. Which one of the following statements describes dividends? A. Dividends on insurance policies are generally taxable. B. Exempt-interest dividends received from a mutual fund are included in gross income, but at a favorable tax rate. C. Nontaxable dividends reduce the...
Please fill out Form 1040, Form 1040 schedule B, and form 1040 schedule D or as close to a 1040 form there is Eric Amoth (Social Security Number 551-11-1111) is 50 years old and married to Mary Amoth, age 34, (Social Security Number 552-45-6789). Formerly, Mary was Eric’s secretary, but quit work to raise their children. They live at 1313 Mockingbird Lane, Mockingbird Heights, CA 92506. They file a joint return and have two dependent children, Anakin, age 13 and...
Prepare Form 1040 for 2017, Pages 1 and 2 Schedules A, B, C, and SE. Be sure to provide the income tax calculation for line 44. Be sure to answer all questions and fill in all lines that are necessary. HINT: AGI is 106,718. Taxable income is 67,418. FORM 1040 TAX YEAR 2017 THOMAS AND VANESSA KILEY ARE MARRIED. THEY ALWAYS FILE A JOINT TAX RETURN THEY HAVE ONE SON, RYAN, AGE 14. RYAN IS A DEPENDENT AND SO IS...
federal taxation HELP please 1040 form and schedules for 2017 tax return Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by State University of Florida. She has the following items pertaining to her income tax return for the current year: Received a $30,000 salary from her employer, who withheld $4,200 federal income tax. . Received a gift of 1,000 shares of Ace Corporation stock with a $100,000 FMV from her mother. She...
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,...
Complete Form 1040-Schedule A for the following: Taxpayer Information Name: John Washington Address: 3450 Green St. Miami, FL 54321 DOB: 5/5/1960 Filing Status: Married SSN: 434-20-2020 Occupation: Engineer Name: Debra Washington Address: 3450 Green St. Miami, FL 54321 DOB: 7/7/1962 Filing Status: Married SSN: 411-21-4568 Occupation: Teacher INCOME INFORMATION: Wages and Compensation The following information is taken from John Washington’s 2017 Form W-2 Wage and Tax Statement: Box 1 – Wages, tips, and other compensation 80,000 Box 2 – Federal Withholding 12,500 Box 17 – State Income Tax Withholding 2,000 ...