ZuoTi.Pro
Question
Need help with blank box on 11 and are the box filled out correctly?
Abigal CAbby) Baer 4S is a sigle mother working as a dvilian accountant for the US Army. Her Social Security number is 676-73-331 1 and she lives at 3456 Alamo Way, San Antonio, TX 78249. Helen, Abbys 18-year-old daughter (Social Security number 676-73-3312), is a dependent child living with her mother, and she does not qualifty for the child tax credit due to her age but does qualify for the other dependent credit of $500. Abby recaived a Form W-2 from the U.S. Department of Defense Abby also has taxable interest from Arroyo Seco Bank of $300 and tax-exempt interest from bonds issued by the city of San Antonio of $127. Required Complete Form 1040 for Abigail for the 2018 tax year The taxpaver had health coverage for the full year The taxpayer does not want to make a contribution to the presidential election campaign. - Enter all amounts as positive numbers. If an amount box requires no entry or the amount is zero, enter 0 If required, round amounts to the nearest dollar.
Page 2 Form 1040 (2018) 59,000 300 b Taxable interest2b b Ordinary dividends 3b b Taxable amount 4b b Taxable amount5b 127 2a 3a 4a Tax-exempt interest Qualified dividends IRAs, pensions, and annuities За Attach Form(s) W- 2. Also attach Form(s) W-2G and 1099-R if tax was 5a Social security benefits 4a 5a 6 Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 6 59,427 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6 . . 7 59,427 8 18,000 8 Standard deduction or itemized deductions (from Schedule A)... 9 Qualified business income deduction (see instructions) 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-0-···· 11 a Tax (see inst) Standard .- Single or married 10 | 41,427 $12,000 (check if any from: 1 a Form(s) 8814 2 o Form 4972 Married filing 5,053 jointly or Qualifying b Add any amount from Schedule 2 and check here...... widow(er), $24,000 .Head of household $18,000 a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here . .12 12 13 Subtract line 12 from line 11. If zero or less, enter-0- . .. 13
filing separately, Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter -0- 10 41,427 $12,000 11 a Tax (see inst) 3 o (check if any from: 1 Form(s) 8814 2 Form 4972 .Married filing jointly or Qualifying b Add any amount f 12 a Child tax credit/credit for other dependents om Schedule 2 and check here.... . . . .11 5,053 widow(er), $24,000 . Head of household, $18,000 If you checked any box under Standard deduction, see 16 Federal income tax withheld instructions. 500 b Add any amount from Schedule 3 and check here . . . . . .. . . . . 12 13 14 15 16 13 Subtract line 12 from line 11. If zero or less, enter -0-. . . .. . . . . . 15 Total tax. Add lines 13 and 14.... . . . . .. from Forms W-2 and 1099..... 5,000 b Sch 8812_ Refundable credits: C Form 8863 Add any amount from Schedule 5 17 a EIC (see inst.) 17 18 18 Add lines 16 and 17, These are your total payments.... 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you 19 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here 20a Savings Direct deposit? Routing number See instructions. d Account number C Type: 므 Checking
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

blank box with 11 (a)will contain tax rate = 15 %

Federal tax rate = 15 %

On blank box with 11, calculation = 15 % of 41427= 6214

So, value written 5053 is wrong , will be changed to 6214

0 0
Add a comment
Know the answer?
Add Answer to:
Need help with blank box on 11 and are the box filled out correctly? Abigal CAbby)...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Form 1040 Complete Patty's Form 1040 Form Department of the Treasury-Internal Revenue Service (99) 1040 U.S....

    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...

  • is problem is for the 2018 tax year. Alfred E. Old and Beulah A. Crane, each...

    is problem is for the 2018 tax year. Alfred E. Old and Beulah A. Crane, each age 12, married on September 7, 2016. Alfred and Beulah will file a joint return for 2018. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted old as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304 Alfred was divorced from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah...

  • Please fill in this tax return. Hi, it’s Shady Slim again. I just got back from...

    Please fill in this tax return. 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 from me in order to complete my tax return. I’m an open book! I’ll tell you whatever I think you need to know.      I had to move this year after getting my job at Roca Cola. I moved on February 3 of this year, and I worked my job at Roca...

  • Comprehensive Problem 5-2A Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December...

    Comprehensive Problem 5-2A Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2017. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2018 for her job as a manager at a Florida shrimp-processing plant are: Earnings from the Gulf Shrimp Co. $43,200 4,600 Federal income tax withheld State income tax withheld Bea's other income includes interest on a savings...

  • You are to prepare a tax return using the following information. You will need to use...

    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...

  • What is the amount for qualified business deduction I tried $0, $4000.00 and $$3,250 Required information...

    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...

    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...

  • Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred...

    Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred and Beulah will file a joint return for 2018. Alfred's Social Security number is 111-11-1112. Beulah's Social Security number is 123-45-6789, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorced from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years...

  • using the information fill out the 1040 tax form 1:9-72 George Large (SSN 000-11-1111) and his...

    using the information fill out the 1040 tax form 1:9-72 George Large (SSN 000-11-1111) and his wife Marge Large (SSN 000-22-2222) live at 2000 Lakeview Drive, Cleveland, OH 49001 and want you to prepare their 2017 income tax return based on the information below: George Large worked as a salesman for Toyboat, Inc. He received a salary of $80,000 ($8,500 of federal income taxes withheld and $1,800 of state income taxes withheld) plus an expense reimbursement from Toyboat of $5,000...

  • help me with 15-20 and also the schedule 1 form with the blanks that have 10,...

    help me with 15-20 and also the schedule 1 form with the blanks that have 10, 21, 22, 31a, and 36 Note: This problem is for the 2018 tax year. Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred and Beulah will file a joint return for 2018. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "old" as her married name. They live at 211 Brickstone...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT