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Tax Subject E1 - Apply Federal Filing Basics
Determining the filing rules for taxpayers can be a bit complicated. This 2 hour course will give you more federal filing basics practice and help you review the basic rules and procedures for filing a tax tax return. Tax School Homepage Student Instructions:Print this page, work on the questions and then submit test by mailing the answer sheet or by completing quiz online. Instructions to submit quiz online successfully: Step-by-Step check list Answer Sheet Quiz Online
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You
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download the software for free.You need Form 1040A, Form 1040A Instructions, Form 1040, and Form 1040 Instructions to complete this subject. For this subject, you need to complete federal tax returns for the following 4 tax situations. Tax Return filing situation 1: Use the following W-2's and information to prepare a tax return for Aditya Bobal and Tanya Bobal. Aditya (Date of Birth 2/14/1965) and Tanya (Date of birth 3/13/1973) were married throughout the year and live together for the whole year. They will file their tax returns as Married filing jointly. Aditya and Tanya live together for all of 2012. Aditya and Tanya have 3 children. All of the children live with the couple in the home. They are:
During the year their income (including W-2's) were as follows: Interest income from Savings Account: $ 1,880 Tanya's Unemployment compensation: $2,124
Tax Return filing situation 2: Zhang Kim (Date of birth 12/20/1970) and Jeong Kim (Date of birth 11/05/1970) are married. Dependents: Zhang and Jeong have 2 children. All of the children live with the couple in the home. They are:
Use the following information to file a tax return for Zhang and Jeong Kim. They need to file joint returns. They have lived together for all of 2012. They received interest income of $1,300 from Washington State municipal bonds. They contributed $3,900 to an Oregon College Savings Plan. Jeong was called for Jury duty and received $125 from the courts. Her agreement with her employer was that she would still get her salary paid on those days while she serve but that she had to give her Jury pay to her employer. The address and personal information is current and correct on the W-2's. They will not itemize their deductions.
Tax Return filing situation 3: Use the following W-2's and information to prepare a tax return for Paul Gonzalez and Linda Jimenez. Paul (Date of Birth 9/15/1946) and Linda (Date of birth 7/10/1956) were married throughout the year but did not live together at any time during the year. They will file their tax returns as Married filing separate. Paul and Linda did not live together any part of 2012. So you need to file a tax return for Paul and another one for Linda. They did not file a joint return or transfer any of their earned income between themselves. During the year their income (including W-2's) were as follows: Paul received dividends from stock he owned before their marriage of $2,300. Linda received dividends of $3,201 from stock she owned before the marriage. Paul and Linda received interest from an interest bearing account held jointly of $1,920. Paul paid $2,490 rent per month for a 3 bedroom house for all of 2012. Paul uses one of the bedrooms as an office. This office is not used in any way for Paul's work. The other bedroom is used as a guest room. The property was not exempt from tax. Paul received $26,400 Social Security benefits reported on box 5 of Form SSA-1099.
Tax Return filing situation 4: Jordan Johnson (Date of birth 6/19/1947) and Claire Johnson (Date of birth 4/16/1949) are married. Their two children Samantha Johnson (DOB 01/10/1994 and SSN 611-09-0921), Sandra Johnson (DOB 11/25/1994 and SSN 612-02-0352) and Claire's mother Susan Winston (SSN 015-52-7785), lived with them and qualify as their dependent. Amounts paid for their support where paid out of community funds. Jordan and Claire have decided that Claire will claim her mom and that Jordan will claim the girls. Jordan received $1,614 in dividends from stock that he owned before the marriage. Claire received $1,215 in dividends from stock that she owned before the marriage. Claire contributed $5,000 to an IRA for an IRS deduction on her 2012 tax return. Jordan received $22,550.59 Social Security benefits reported on box 5 of Form SSA-1099. Use the following information to file a tax return for Jordan and Claire. They need to file separate returns. They have lived together for all of 2012. The address and personal information is current and correct on the W-2's. They will not itemize their deductions.
After you have completed the above tax returns, answer the following questions as accurate as possible: 1. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 7?
A. $64,752 2. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 8a?
A. $56 3. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 13?
A. $0 4. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 15?
A. $1,880
5. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 21?
A. $68,756 6. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 22?
A. $88,710
7. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 24?
A. $11,900 8. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 25?
A. $74,055 9. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 26?
A. $14,055 10. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 27?
A. $56,080 11. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 28?
A. $4,811 12. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 33?
A. $3,693
A. $3,330 14. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 35?
A. $4,706 15. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 36?
A. $183 16. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 41?
A. $4,915 17. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 42?
A. $2,480
18. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 45?
A. $510 19. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 7?
A. $50,625 20. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 8b?
A. $300 21. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 21?
A. $6 22. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 22?
A. $50,625 23. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 36?
A. $125 24. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 37?
A. $50,625 25. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 38?
A. $50,625 26. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 40?
A. $5,925 27. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 41?
A. $38,725 28. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 42?
A. $13,900 29. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 43?
A. $23,659
30. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 44?
A. $2,659 31. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 51?
A. $2,659 32. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 54?
A. $4,055 33. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 55?
A. $311 34. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 61?
A. $309 35. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 62?
A. $3,458 36. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 72?
A. $6,100 37. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 73?
A. $4,386 38. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 76?
A. $2,054 39. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 7?
A. $18,232 40. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 8a?
A. $806 41. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 9a?
A. $3,500 42. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 14b?
A. $26,400 43. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 15?
A. $11,232 44. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 21?
A. $11,774 45. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 22?
A. $26,580 46. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 24?
A. $5,950 47. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 25?
A. $19,480 48. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 26?
A. $0 49. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 27?
A. $11,880
50. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 28?
A. $8,056 51. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 35?
A. $8,710
52. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 41?
A. $1,900 53. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 42?
A. $757 54. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 45?
A. $1,055 55. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 7?
A. $56,080 56. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 8a?
A. $960 57. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 9a?
A. $3,693
A. $91,751 59. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 24?
A. $5,706 60. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 27?
A. $82,001 61. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 28?
A. $14,915 62. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 41?
A. $15,510
63. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 42?
A. $15,510 64. Look at the Form 1040A that you prepared for Linda. What is the amount on Line 45?
A. $4,016 65. Look at the Form 1040A that you prepared for Jordan. What is the amount on Line 7?
A. $14,300 66. Look at the Form 1040A that you prepared for Jordan. What is the amount on Line 8a?
A. $6 67. Look at the Form 1040A that you prepared for Jordan. What is the amount on Line 14b?
A. $22,551 68. Look at the Form 1040A that you prepared for Jordan. What is the amount on Line 21?
A. $35,728 69. Look at the Form 1040A that you prepared for Jordan. What is the amount on Line 24?
A. $5,950 70. Look at the Form 1040A that you prepared for Jordan. What is the amount on Line 28?
A. $625 71. Look at the Form 1040A that you prepared for Jordan. What is the amount on Line 42?
A. $42 72. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 7?
A. $75,955 73. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 21?
A. $77,900 74. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 24?
A. $5,950
75. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 26?
A. $7,600 76. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 28?
A. $12,659 77. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 35?
A. $11,936 78. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 41?
A. $13,011 79. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 42?
A. $309 80. Look at the Form 1040A that you prepared for Claire. What is the amount on Line 45?
A. $345
Please Note: If you filled out the answers directly on this page, please print this page or write down the answers before you proceed to submit them by clicking on "Assignment" in step 3 above.
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