Reference no: EM13858075
Erica L. Hansen (SSN 376-38-4902), age 42, is a single parent with three children. She resides at 19 Sunset Road, Normal, Illinois 61761. She chooses to support the presidential campaign fund.
Her household includes Randall L. Hansen, her 19-year-old son (SSN 369-62-3418), Tiffany A.Hansen, her 12-year-old daughter (SSN 396-30-6402), and Donna M. Hansen, her 14-year-old daughter (SSN 653-29-8102). Erica provides over half of the support of each child.
Donna has no income of her own, but Randall earns $4,200 during the year delivering papers and mowing lawns. All children lived in the household for 12 months.
Erica works as an office manager for Universal Development Corporation. Information from her W-2, as well as other relevant information follows.
Gross wages $34,500
Social security tax withheld 2,139
Medicare tax withheld 500
Federal income tax withheld 0
State income tax withheld 819
Interest received:
First Federal Savings Bank $775
Olympic Savings-certificate of deposit cashed in 175
State of Maryland bonds 300
Dividends received:
Erica is a participant in an employer sponsored retirement plan. However, she wants to make the largest possible deductible contribution to her traditional IRA. If Erica has overpaid her taxes, she prefers to receive a refund. She signs and dates her return on April 5, 2015.
Retirement Saving Contribution Credits:
Compute the amount of the credit using the information presented in 206.06.Enter the credit on form1040A,page 2.