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Tax Subject E1 - Apply Filing Basics
Determining the filing rules for taxpayers can be a bit complicated. This 1 hour Maryland specific course will give you more filing basics practice and help you review the basic rules and procedures for filing a tax tax return for Maryland. Tax School Homepage Student Instructions: Print this page, work on the questions and then submit test by mailing the answer sheet or by completing quiz online. Instructions to submit quiz online successfully: Step-by-Step check list Answer Sheet Quiz Online
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You
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download the software for free.For this subject, you need to complete federal tax returns for the following 2 tax situations. Tax Return filing situation 1: Use the following W-2's and information to prepare a tax return for Aditya Bobal and Tanya Bobal. Aditya (Date of Birth 2/14/1965) and Tanya (Date of birth 3/13/1973) were married throughout the year and live together for the whole year. They will file their tax returns as Married filing jointly. Aditya and Tanya live together for all of 2012. Aditya and Tanya have 3 children. All of the children live with the couple in the home. They are:
During the year their income (including W-2's) were as follows: Interest income from Savings Account: $ 1,880 Tanya's Unemployment compensation: $2,124
Tax Return filing situation 2: Zhang Kim (Date of birth 12/20/1970) and Jeong Kim (Date of birth 11/05/1970) are married. Dependents: Zhang and Jeong have 2 children. All of the children live with the couple in the home. They are:
Use the following information to file a tax return for Zhang and Jeong Kim. They need to file joint returns. They have lived together for all of 2012. They received interest income of $1,300 from Washington State municipal bonds. They contributed $3,900 to an Oregon College Savings Plan. Jeong was called for Jury duty and received $125 from the courts. Her agreement with her employer was that she would still get her salary paid on those days while she serve but that she had to give her Jury pay to her employer. The address and personal information is current and correct on the W-2's. They will not itemize their deductions.
After you have completed the above tax returns, answer the following questions as accurate as possible: 1. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 7?
A. $64,752 2. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 8a?
A. $56 3. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 13?
A. $0 4. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 15?
A. $1,880
5. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 21?
A. $68,756 6. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 22?
A. $88,710
7. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 24?
A. $11,900 8. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 25?
A. $74,055 9. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 26?
A. $14,055 10. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 27?
A. $56,080 11. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 28?
A. $4,811 12. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 33?
A. $3,693
A. $3,330 14. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 35?
A. $4,706 15. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 36?
A. $183 16. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 41?
A. $4,915 17. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 42?
A. $2,480
18. Look at the Form 1040A that you prepared for Aditya and Tanya. What is the amount on Line 45?
A. $510 19. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 7?
A. $50,625 20. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 8b?
A. $300 21. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 21?
A. $6 22. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 22?
A. $50,625 23. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 36?
A. $125 24. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 37?
A. $50,625 25. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 38?
A. $50,625 26. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 40?
A. $5,925 27. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 41?
A. $38,725 28. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 42?
A. $13,900 29. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 43?
A. $23,659
30. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 44?
A. $2,659 31. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 51?
A. $2,659 32. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 54?
A. $4,055 33. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 55?
A. $311 34. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 61?
A. $309 35. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 62?
A. $3,458 36. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 72?
A. $6,100 37. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 73?
A. $4,386 38. Look at the Form 1040 that you prepared for Zhang and Jeong. What is the amount on Line 76?
A. $2,054 39. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 7?
A. $18,232 40. Look at the Form 1040A that you prepared for Paul. What is the amount on Line 8a?
A. $806
Please Note: If you filled out the answers directly on this page, please print this page or write down the answers before you proceed to submit them by clicking on "Assignment" in step 3 above
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