D 民 ezto.mheducation.com Question 1 - Chapter 3 Tax Return Problem - Co... A married coupla racaived $11,000 of social s

[answerhappygod]

1 (142.54 KiB) Viewed 91 times

D 民 ezto.mheducation.com Question 1 - Chapter 3 Tax Return Problem - Co... A married coupla racaived $11,000 of social sec... John And Martha Holloway Are Married Filing .... Edit Email Now email How to Do Email Marketing with HubSpot + Chapter 3 Tax Return Problem A Saved Help Save & Exit Submit Check my work 1 John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street, Atlanta, GA 30294. Additional information about Mr. and Mrs. Holloway is as follows: 100 points Social security number: John: 412-34-5670 Date of birth: 3/4/1985 W-2 for Jobs abows these amounta: Wages (box 1) - $ 22,000.00 Federal W/H (box 2) - $ 1,500.00 - $ Social security wages i box 3) = $ 22,000.00 Social security w/(box 4) - $ 1,364.00 Medicare wages (box 5) - $ 22,000.00 Medicare W/H (box 6) = 5= $ 319.00 Skipped eBook Print Social security number Martha: 412-34-5671 Date of birth: 8/20/1989 W-2 for Martha shows these amountsi Wages (box 1) - $ 35,500.00 Federal w/H (box 2) = $ 3,100.00 $ Social security wages (box 3) - $ 35,500.00 Social security W/H (box 4) = $ 2,201.00 Medicare wages box 5) = $ 35,500.00 Medicare w/ (box 6) - $ 514.75 References Form 1099-DIV for Martha shows this amount: Box la and box 1b -$345.00 from MAR Brokerage. Form 1099-INT for Martha shows these amounts: Box 1 = $450.00 from ABC Bank. Box 4 = $35.00 John is a maintenance worker, and Martha is a Human Resources Manager. Required: Prepare Form 1040 plus all the appropriate schedules and worksheets for Mr. and Mrs. Holloway for 2020. They want to contribute to the presidential election campaign. Mr. and Mrs. Holloway had qualifying health care coverage at all times during the tax year. Mr. and Mrs. Holloway did not receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during 2020. (List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers.) Use the appropriate Tax Tables. Mc Graw Hill < Prev 1 of 1 !!! Next >