Whittenburg Gerald E., Altus-Buller Martha. Income Tax Fundamentals
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Drive, Reno, NV 82102. For 2010, Leslie did not work, and Leon’s W-2 from his
butcher’s job showed the following:
33-0711 111
467-74-4451
50,000
50,000
50,000
Super Deal Grocery
2200 Meas Blvd.
Reno, NV 82102
Lean
NV
Lazo
143 Snapdragon Drive
Reno, NV 82102
4,600
3,100
725
Leslie and Leon have an 18-year-old son named Lyle (Social Security number
552-52-5552), who is a dependent, is a full-time student, and does not qualify for
the child tax credit due to his age.
Required: Complete Form 1040A on pages 1-43 and 1-44 and Schedule M on page 1-45
for Leslie and Leon for the 2010 tax year.
2B. Abigail (Abby) Boxer is a single mother working as a civilian accountant for the U.S.
Army. Her Social Security number is 676-73-3311 and she lives at 3456 Alamo Way,
San Antonio, TX 78249. Helen, Abby’s 18-year-old daughter (Social Security number
676-73-3312), is a dependent child living with her mother, and she does not qualify for
the child tax credi t due to her age. For 2010, Abby’s W-2 from the U.S. Department of
Defense shows the following:
Wages $42,500
Withholding (federal income tax) 5,160
Abby also has taxable interest from Arroyo Seco Bank of $230.
Required: Complete Form 1040A on pages 1-43 and 1-44 and Schedule M on page 1-45
for Abigail for the 2010 tax year.
GROUP 4:
CUMULATIVE SOFTWARE PROBLEM
.............................................. .............................................. .
Dr. Ivan I. Incisor and his wife Irene are married and file a joint return for 2010. Ivan’s
Social Security number is 477-34-4321 and he is 48 years old. Irene I. Incisor’s Social
Security number is 637-34-4927 and she is 45 years old. They live at 468 Mule Deer
Lane, Spokane, WA 99206.
Questions and Problems 1-39
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Dr. Incisor is a dentist and he took 6 mon ths off work to attend a cosmetic dentistry
training program in 2010. His 2010 Form W-2 from his job at Bitewing Dental Clinic,
Inc., showed the following:
Wages $65,000
Withholding (federal income tax) 6,000
The Incisors have a 17-year-old son, Ira, who is enrolled in the eleventh grade at the
Perpetual Perpetuity School. Ira’s Social Security number is 690-99-9999. The Incisors
also have an 18-year-old daughter, Iris, who is a part-time freshman student at Snow
Mass Community College (SMCC). Iris’ Social Security number is 899-99-9999. Iris is
married to Sean Slacker (SS No. 896-33-0954), who is 19 years old and a part-time student
at SMCC. Sean and Iris have a 1-year-old child, Seth Slacker (SS No. 648-99-4306). Sean,
Iris, and Seth all live in an apartment up the street from Ivan and Irene during the entire
current calendar year. Sean and Iris both work for Sean’s wealthy grandfather as appren-
tices in his business. Their wages for the year were a combined $50,000, which allowed
them to pay all the personal expenses for themselves and their son.
Ivan and Irene have savings account interest income of $380 from the Pacific Northwest
Bank.
Required: Use a computer software package to complete Form 1040 and Schedule M for
Ivan and Irene Incisor for 2010. Be sure to save your data input files since this case will be
expanded with more tax information in later chapters. Make assumptions regarding any
information not given.
1-40 Chapter 1
The Individual Income Tax Return
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Questions and Problems 1-41
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
1-42 Chapter 1
The Individual Income Tax Return
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Questions and Problems 1-43
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
1-44 Chapter 1
The Individual Income Tax Return
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Questions and Problems 1-45
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
1-46 Chapter 1
The Individual Income Tax Return
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Student Name
Class/Section
Date
KEY NUMBER TAX RETURN SUMMARY
Chapter 1
Comprehensive Problem 1
Adjusted Gross Income (Line 4)
Taxable Income (Line 6)
Tax Liability (Line 11)
Tax Overpaid (Line 12a)
Comprehensive Problem 2A
Adjusted Gross Income (Line 21)
Deductions (Line 24)
Exemptions (Line 26)
Tax Liability (Line 37)
Tax Overpaid (Line 45)
Comprehensive Problem 2B
Adjusted Gross Income (Line 21)
Deductions (Line 24)
Exemptions (Line 26)
Tax Liability (Line 37)
Tax Overpaid (Line 45)
Questions and Problems 1-47
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c
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Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.