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1 Answer the following question based on the tax return you prepared for Pierce and Sharon Canon. Which form should be used to file the Canon return? C A) 1040 C B) 1040A C C) 1040EZ C D) 1040x 2 Answer the following question based on the tax return you prepared for Pierce and Sharon Canon. Select the total wages: : A) $164.900 C B) $168,890 C C) $171,390 D) $174,808 3. Answer the following question based on the tax return you prepared for Pierce and Sharon Canon. Select the total income C A) $174.782 C B) $169,010 C c) $171,510 D) $174,808 Answer the following question based on the tax return you prepared for Pierce and Sharon Canon. Select the Adjusted Gross Income (AGI): C A) $172,526 C B) $171,026 c) $174,526 E D) $174,808
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Answer #1

1 they must file 1040

2

Total wages = 164,900

3

Total income

174,808Gross income: Wages Interest Interest E Dividends Dividends Q Taxable refunds Alimony Business Sch C Capital gains Sch D Other gain F4797 164,900 2,385 7 8b 9a 9b 10 11 12 13 14 1,007 26 3,990 2,500 15a,bIRA Gross, taxable 16a,b Pension gross, taxable 17 18 19 20a,b 21 Passive income Sch E Farm income Sch F Unemployment Social security gross, taxable Other income List 22 Total income 174,808

4

AGI

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