Tax Assigment

Tax Assigment Project description Fill out a 1040 tax form on the following link: www.irs.gov/pub/irs-pdf/f1040.pdf (Links to an external site.). There are extra instructions for this assignment below. After filling out the form, click on the button on the toolbar of the form (not the browser toolbar) to save the assignment. NOTE: If you are using a Mac computer, open the form in Adobe Reader, NOT Preview. Preview will not save what you typed in. You will end up submitting a blank form. Submit the assignment through Canvas attaching the form as a pdf file. Do not put anything on line 50 and 64a for this assignment even if they qualify for those items. Do NOT use your own information for the tax form. You will receive 1 point for each correct line. Use the following information: Family: Parents Kenneth and Anna Strickland, Children Lucy (age 9), Trevor (age 5), their status is married filing jointly Income: Kenneth - $41,670, Anna - $22,055, Interest - $199 IRA: Kenneth had an IRA deduction of $3,300 and Anna had one for $3,900 - total of $7,200 Deductions: They did NOT itemize their deductions; they used the standard deduction of $12,400 Tax (line 44): $3371 Child Tax Credit (line 52): $1000 for each child, total of $2,000 Federal Income Tax Withheld (from W-2): Kenneth $870, Anna - $422