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The assignment is to prepare a tax return using the information provided below for Nicole Student. Nicole is a student at U of I and is claimed as a dependent by her parents. She lives at 523 East Healy, Champaign, IL 61820. Her social security number is 555-44-3321. Nicole earned the following income:
W-2 from XYZ Company Wages 6843 Federal withholding 625 State Withholding 360
Interest income from Busey Bank of 15
You should use form 1040 for Nicole.
All forms and instructions needed can be found
Use only 2022 forms and tax rates when preparing the return.
You may either hand write the forms or use the fill in feature at the IRS website.
The project is due by 11:59pm on September 18th. The return needs to be filed on line through canvas.
Prepare a state of Illinois return as well.
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