Federal Income Tax Returns

  1. Jason N. Nettiganis 20 years old and has good eyesight. His social security number is 786-12-3456. He works part-time at Perfect Construction Company as a Laborer. He does want to contribute to the presidential election campaign fund. He lives in Bucks County, township of Falls, and went to Pennsbury High School. The school code for PHS is 09820. He currently attends college at BCCC as a full-time student, and his parents support him 75%. He shares an apartment with a friend. His address is 300 Main Street, Apt. A-3, Fairless Hills, PA 19030. His phone number is 215-949-1111. If he gets a refund, he would like it to be electronically deposited into his checking account. His bank routing number is 491802500, and his account number is 9356924120. Jason has health insurance through his employer.

Federal Income Tax Returns

W-2 Information:

Wages (Box 1)$8,000

Federal Withholding$1,200

1099-INT Information:

Core States$500

Summit Bank$200

Prime Bank$400

1099-DIV Information:

Coca-Cola Company$150

Federal Income Tax Returns

Directions: Use the information above to answer the following questions, and complete Jason’s federal and state income tax return.

Is Jason a dependent?

Jason will be able to take a standard deduction amount for $.

The exemption amount Jason is eligible to take is $.

Will Jason use the 1040EZ or the 1040A for his federal income tax return?

Why?

  1. Murphy Brown is single and has good eyesight. Her home is at 10 Hood Boulevard, Fairless Hills, PA 19030, which is within the Pennsbury School District and her social security number is 333-12-3456. She was born on 7-11-81, and her phone number is 215-949-6735. She works as a reporter and she is still paying off her student loans, and she paid $1,000 in student loan interest last year. She does want to contribute to the presidential election campaign fund. If she gets a refund, she would like it to be electronically deposited into her checking account. Her bank routing number is 691202502, and her account number is 6311144070. Murphy has health insurance through her employer.

Federal Income Tax Returns

W-2 Information:

Wages (Box 1)$20,000

Federal Withholding$2,500

1099-INT Information:

Core States$2,500

Federal Income Tax Returns

Directions: Use the information above to answer the following questions, and complete Murphy’s federal and state income tax return.

Is Murphy a dependent?

Murphy will be able to take a standard deduction amount for $.

The exemption amount Murphy is eligible to take is $.

Will Murphy use the 1040EZ or the 1040A for her federal income tax return?

Why?