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Reference no: EM13974859

Fill out a 1040 tax form on the following link: www.irs.gov/pub/irs-pdf/f1040.pdf. You can find additional instructions on Canvas at the end of the description of the assignment. Instructions will also be given in class. 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 51 and 66a 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 number. Use the following information:

Family: Parents - Garrett and Monica Carpenter, Children - Austin (age 9), Cortney (age 6), their status is married filing jointly

Income: Garrett - $45,070, Monica - $21,092, Interest - $214

IRA: Garrett had an IRA deduction of $2,000 and Monica had one for $2,500 - total of $4,500

Deductions: They did NOT itemize their deductions; they used the standard deduction of $12,600

Tax (line 44): $4,069

Child Tax Credit (line 52): $1000 for each child, total of $2,000

Federal Income Tax Withheld (from W-2): Garrett - $2,069, Monica - $753

Reference no: EM13974859

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Open the form in adobe reader : Fill out a 1040 tax form on the following link: www.irs.gov/pub/irs-pdf/f1040.pdf (1 point for each line). You can find additional instructions on Canvas at the end of the description of the assignment
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