Personal Finance Appendix h

Axia College Material Appendix H evaluate Return Worksheet Directions: follow-up Gloria Ramsays tax return. Answer the following questions based on the teaching listed in her return. 1. in time though Gloria is integrity, her archives status is foreman of Household. Why is Gloria open to file as genius of kinsperson? Gloria can file as head of household because she is single and has a dependent and would file as head when she pays all over 50% of maintaining the household. 2.How does Gloria benefit from file as head of household, rather than single? She will hold back better tax evaluate with Head of Household. 3.What is Glorias set gross income? 22,275 4.Which line in the tax form did you perplex her total income? Line 15 5.Even though Gloria is filing the scam form (1040A), she is still able to get three credits. What atomic number 18 the three credits Gloria learns? add up the l ine you weather aground the answers on as well. Line 29 - recognize for boor care - 728, line 41 - spare child tax credit 1,000, and Earned income credit 1,833(line 6 in calculating your credit). 6.How often of a refund is Gloria freeing to receive? 4,333 7.What are the four steps listed in the filing checklist? 1.Sign and booking the return. 2.

Assemble the return. 3. Mail the return. 4. Keep a copy. 8.On the Wage and levy statement, list how much Gloria remunerative in her Federal Tax Withholding? Fed Tax-1,500 9.How much did she pay in tender Security and Medicare? SocSec Tax-1,721, Med Tax-326 10.Share matchless thing you! found interesting when look through these forms. Was anything immature to you? Do you have any questions near these forms? I found it all very interesting, and it is all very new to me. I have been dealing with medical issues since laid-back school, never had a job, and barely going back to school. I have no experience of my own when it comes to taxes. I deem that the hardest thing for me is find when a person is able to file...If you lack to get a full essay, order it on our website: BestEssayCheap.com

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