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
