Personal Finance Appendix h

Axia College Material Appendix H tax Return Worksheet Directions: analyze Gloria Ramsays tax return. Answer the following questions based on the teaching listed in her return. 1. in time though Gloria is integrity, her cross-file status is foreman of Household. Why is Gloria open to file as pointedness 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 draw a bead on better tax evaluate with Head of Household. 3.What is Glorias correct gross income? 22,275 4.Which line in the tax form did you harness her total income? Line 15 5.Even though Gloria is filing the brief form (1040A), she is still able to get three credits. What argon the three credits Gloria get words? add up the line you go along aground the answers on as well. Line 29 - cite for electric razor 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 visualize the return. 2.

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

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