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Tax Segment 6 - Filing a California Tax Return
Determining the filing status can be a little complicated. Although you may be the head of your house, you may not qualify for the head of household (HOH) filing status under state and federal tax laws. 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.Tax Return filing situation 1: Use the following W-2's and information to prepare a tax return for Saul Lopez and Brenda Garcia. Saul (Date of Birth 9/15/1945) and Brenda (Date of birth 7/10/1955) were married throughout the year but did not live together at any time during the year. They will file their tax returns as Married filing separate. Saul and Brenda did not live together any part of 2011. So you need to file a tax return for Saul and another one for Brenda. They did not file a joint return or transfer any of their earned income between themselves. During the year their income (including W-2's) were as follows: Saul received dividends from stock he owned before their marriage of $1,400. Brenda received dividends of $1,250 from stock she owned before the marriage. Saul and Brenda received interest from an interest bearing account held jointly of $980. Saul and Brenda paid $1,480 per month for a 3 bedroom house for all of 2011. Saul uses one of the bedrooms as an office. This office is not used in any way for Saul's work. The other bedroom is used as a guest room. Saul received $16,400 Social Security benefits reported on box 5 of Form SSA-1099.
Tax Return filing situation 2: Thom (Date of birth 6/19/1946) and Susan Evans (Date of birth 4/16/1948) are married. Their two children Sara Evans (DOB 01/10/1993 and SSN (DOB 11/25/1993 and SSN 611-09-0921), Samantha Evans (SSN 612-02-0352) and Susan's mother Sara Winston (SSN 015-52-7785), lived with them and qualify as their dependents. Amounts paid for their support where paid out of community funds. Thom and Susan have decided that Susan will claim her mom and that Thom will claim the girls. Thom received $418 in dividends from stock that he owned before the marriage. Susan received $315 in dividends from stock that she owned before the marriage. Susan contributed $5,000 to an IRA for an IRS deduction on her 2011 tax return. Thom received $26,550.59 Social Security benefits reported on box 5 of Form SSA-1099. Use the following information to file a tax return for Thom and Susan. They need to file separate returns. They have lived together for all of 2011. 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 540A that you prepared for Saul. What is the amount on Line 12?
A. $18,232 2. Look at the Form 540A that you prepared for Saul. What is the amount on Line 13?
A. $18,232 3. Look at the Form 540A that you prepared for Saul. What is the amount on Line 14c?
A. $3,322 4. Look at the Form 540A that you prepared for Saul. What is the amount on Line 17?
A. $20,122
5. Look at the Form 540A that you prepared for Saul. What is the amount on Line 19?
A. $16,353 6. Look at the Form 540A that you prepared for Saul. What is the amount on Line 31?
A. $2,605
7. Look at the Form 540A that you prepared for Saul. What is the amount on Line 70?
A. $93 8. Look at the Form 540A that you prepared for Saul. What is the amount on Line 71?
A. $2,391.56 9. Look at the Form 540A that you prepared for Saul. What is the amount on Line 111?
A. $1,307 10. Look at the Form 540A that you prepared for Saul. What is the amount on Line 115?
A. $1,307 11. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 12?
A. $87,590 12. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 13?
A. $87,590
A. $87,590 14. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 19?
A. $52,457 15. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 31?
A. $5,609 16. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 70?
A. $5,609 17. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 71?
A. $2,391.56
18. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 94?
A. $3,527 19. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 111?
A. $3,527 20. Look at the Form 540A that you prepared for Brenda. What is the amount on Line 115?
A. $3,527 21. Look at the Form 540A that you prepared for Thom. What is the amount on Line 12?
A. $14,945.54 22. Look at the Form 540A that you prepared for Thom. What is the amount on Line 13?
A. $14,945.54 23. Look at the Form 540A that you prepared for Thom. What is the amount on Line 14c?
A. $13,276 24. Look at the Form 540A that you prepared for Thom. What is the amount on Line 17?
A. $45,868 25. Look at the Form 540A that you prepared for Thom. What is the amount on Line 19?
A. $45,868 26. Look at the Form 540A that you prepared for Thom. What is the amount on Line 31?
A. $157 27. Look at the Form 540A that you prepared for Thom. What is the amount on Line 70?
A. $806 28. Look at the Form 540A that you prepared for Thom. What is the amount on Line 71?
A. $0 29. Look at the Form 540A that you prepared for Thom. What is the amount on Line 91?
A. $503
30. Look at the Form 540A that you prepared for Thom. What is the amount on Line 111?
A. $0 31. Look at the Form 540A that you prepared for Thom. What is the amount on Line 115?
A. $0 32. Look at the Form 540A that you prepared for Susan. What is the amount on Line 12?
A. $75,955 33. Look at the Form 540A that you prepared for Susan. What is the amount on Line 13?
A. $75,955 34. Look at the Form 540A that you prepared for Susan. What is the amount on Line 17?
A. $71,322 35. Look at the Form 540A that you prepared for Susan. What is the amount on Line 19?
A. $67,553 36. Look at the Form 540A that you prepared for Susan. What is the amount on Line 31?
A. $1,632 37. Look at the Form 540A that you prepared for Susan. What is the amount on Line 70?
A. $1,215 38. Look at the Form 540A that you prepared for Susan. What is the amount on Line 71?
A. $2,054.34 39. Look at the Form 540A that you prepared for Susan. What is the amount on Line 111?
A. $0 40. Look at the Form 540A that you prepared for Susan. What is the amount on Line 115?
A. $2,806 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 2 above
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