Using 2018 1040 please answer: Zachary L. (SSN 123-45-6789) and Cici K. Mao (SSN 987-65-4321) reside at 520 Chestnut Street, Philadelphia, Pennsylvania 19106. They are both under 65 years old and have one dependent (their son, Oliver, age 4, SSN 111-22-3333). They do not wish to take advantage of the presidential election campaign check-off. Other relevant information includes:
Zachary’s salary as a manager: $40,000
Cici’s salary as a teacher: $45,000
Interest (First Nationalbank): $200
Withholding: $5600
Complete their Form 1040 for 2018, assuming they are married and file jointly
Total Income |
85200 |
“Above-the-line” Deductions |
0 |
Adjusted Gross Income (AGI) |
85200 |
Less: standard deduction |
(24000) |
Taxable income |
61200 |
Income Tax Liability (1905+(12%*(61200-19050))) |
6963 |
Other Taxes |
0 |
Total Tax |
6963 |
Credit |
(2000) |
Prepayments |
(5600) |
Tax due or (refund) |
(637) |
Using 2018 1040 please answer: Zachary L. (SSN 123-45-6789) and Cici K. Mao (SSN 987-65-4321) reside...
Zachary L. (SSN 123-45-6789) and Cici K. Mao (SSN 987-65-4321) reside at 520 Chestnut Street, Philadelphia, Pennsylvania 19106. They are both under 65 years old and have one dependent (their son, Oliver, age 4, SSN 111-22-3333). They do not wish to take advantage of the presidential election campaign check-off. Other relevant information includes: Zachary’s salary as a manager $40,000 Cici’s salary as a teacher 45,000 Interest (First National Bank) 200 Withholding 5,600 Complete their Form 1040 for 2019, assuming that...
1:2-60 Zachary L. (SSN 123-45-6789) and Cici K. Mao (SSN 987-65-4321) reside at 520 Chestnut Street, Philadelphia, Pennsylvania 19106. They are both under 65 years old and have one dependent (their son, Oliver, age 4, SSN 111-22-3333). They do not wish to take advantage of the presidential election campaign check-off. Other relevant information includes: Zachary's salary as a manager $40,000 Cici's salary as a teacher 45,000 Interest (First National Bank) 200 Withholding 5,600 Complete their Form 1040 for 2018, assuming...
Zachary L. (SSN 123-45-6789) and CiCi K. Mao (SSN 987-65-4321) reside at 520 Chestnut Street Philadelphia 19106. They're both under 65 years old and have one dependent (their son Oliver, age 4, SSN 111-22-3333). They do not wish to take advantage of the presidential election campaign check-off. Other relevant information includes: Zachary's salary as a manager: $40,000 Cici's salary as a teacher: $45,000 Interest (Bank): $200 Withholding: $5,600 Complete their Form 1040 for 208, assuming they are married and file...