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Tax Segment Cr-8 - Claiming California Credits

 

When filing a tax return you usually claim credits to help to help with your particular financial situation. It could be that your income is below a certain limit. It could also be that you are being double taxed because you also paid tax in another state for the same item. There are various reasons for a credit. Whatever the credit may be, you want to make sure you know that it exists so you will not missed claiming it on your income tax return.

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

Most forms are in Adobe Acrobat PDF format. Get Adobe ReaderYou will need Adobe Reader to view and print these forms. If you do not already have Adobe Reader installed on your computer, you may download the software for free.

 

 

Tax Return Situation 1:

Complete a tax return for Joseph Cuevas and Sara S. Cuevas (her SSN: 670-82-6160).

Sara was a full-time from January 1, 2011 to June 10, 2011 and again from August 23, 2011 to December 15, 2011. The school was not an on-the-job training course, correspondence school, night, or internet school.

Their Children who lived with them all year are:

Name: SSN DOB
Ulysses Cuevas 626-12-6525 5-21-2000
Yesenia Cuevas 688-54-5661 7-01-1998

Joseph went to Vegas and won $8,000 playing slot machines and at card game tables. He kept a record and recorded the slot machine numbers and card game tables he played and money spent at each. The total spend for gambling was $3,500.

Joseph paid Tashawna Ezeb (SSN 345-34-3253) $1,700 for each child to take care of the children while he was at work or when Sara was in school. Tashawna's address is 749 E. Lincoln Ave, Los Angeles, CA  90003.

Joseph paid rent for all of 2011 to Antwione Edmonds. The property was not exempt from California property tax.

Joseph was the only person who worked in the family. All information on W-2 is current.

Tax Return Situation 2:

Complete a tax return for Lawrence Escobedo and Theresa Escobedo (502-39-4055). They got married December 31, 2011.

Their Children who lived with them all year are:

Name: SSN DOB
Mario Escobedo 603-19-2036 February 18, 2003
Cindy Escobedo 603-18-2053 April 10, 2002

Only Lawrence worked. Theresa did not work. Theresa attended school full time for 7 months in 2011. The school was not an on-the-job training course, correspondence school, night, or internet school. When she was in school they were taken care of by Happy Child, inc.:

 

bullet They paid Happy Child, Inc. for the care of all 3 children a total of $7,500. 
bullet Happy Child, Inc., provider EIN 95-0906670.
bullet 2005 W 6th Street, Los Angeles, CA  90020.
 

In addition to their earnings, they had the following in 2011:

Bank interest income $65.00
Unemployment compensation $450.00
California state refund $861

Lawrence has never itemized his deductions.

Lawrence furnished over one-half the household expenses for his father's home. His father's name is: Lorenzo Escobedo-Lopez (SSN 051-58-9835). No-one else can claim his father as a dependent. Lawrence wants to claim the Credit for Dependent Parent.

On June 15, 2011, Lawrence adopted Francisco (SSN 612-23-5313) from Bogota, Colombia. He spent $6,000 in adoption expenses and $1,600 in transportation costs to bring the child to the United States.

Lawrence bought a California Lottery ticket and he won $1,200.

Complete a California return. Use the following attached W-2. All information on W-2 is current.

 

1. Look at the Form 540 you prepared for Jose and Sara Cuevas. What is the amount on Form 540, Line 12?

 

A. $36,024.
B. $44,024.
C. $11,043. 
D. None of the above.

2. Look at the Form 540 you prepared for Jose and Sara Cuevas. What is the amount on Form 540, Line 13?

 

A. $36,024.
B. $44,024.
C. $29,385. 
D. None of the above.

3. Look at the Form 540 you prepared for Jose and Sara Cuevas. What is the amount on Form 540, Line 14?

 

A. $36,024.
B. $44,024.
C. $8,000. 
D. $24,172.

4. Look at the Form 540 you prepared for Jose and Sara Cuevas.. What is the amount on Form 540, Line 18?

 

A. $28,486.
B. $7,538
C. $3,500. 
D. None of the above.

5. Look at the Form 540 you prepared for Jose and Sara Cuevas.. What is the amount on Form 540, Line 19?

 

A. $36,486.
B. $32,524
C. $28,486 
D. $10,511.

6. Look at the Form 540 you prepared for Jose and Sara Cuevas.. What is the amount on Form 540, Line 31?

 

A. $424.
B. $620.
C. $504 
D. $0.

7. Look at the Form 540 you prepared for Jose and Sara Cuevas.. What is the amount on Form 540, Line 40?

 

A. $219.
B. $120.
C. $0 
D. None of the above.

8. Look at the Form 540 you prepared for Jose and Sara Cuevas.. What is the amount on Form 540, Line 46?

 

A. $219.
B. $120.
C. $0
D. None of the above.

9. Look at the Form 540 you prepared for Jose and Sara Cuevas.. What is the amount on Form 540, Line 71?

 

A. 1,801.20
B. $15.
C. $1,801
D. $0.

10. Look at the Form 540 you prepared for Jose and Sara Cuevas. What is the amount on Form 540, Line 74?

 

A. $106.
B. $216
C. $0.
D. None of the above.

11. Look at the Form 540 you prepared for Jose and Sara Cuevas. What is the amount on Form 540, Line 75?

 

A. $1,801.
B. $1,907.
C. $2,553.
D. $0.

12. Look at the Form 540 you prepared for Jose and Sara Cuevas. What is the amount on Form 540, Line 115?

 

A. $1,801.
B. $1,907.
C. $5,900.
D. $0.

13. Look at the Form 540 you prepared for Lawrence and Theresa Escobedo. What is the amount on Form 540, Line 17?

 

A. $67,611.
B. $65,896.
C. $65,961.
D. $0.

14. Look at the Form 540 you prepared for Lawrence and Theresa Escobedo. What is the amount on Form 540, Line 35?

 

A. $105.
B. $207.
C. $309.
D. $0.

15. Look at the Form 540 you prepared for Lawrence and Theresa Escobedo. What is the amount on Form 540, Line 40?

 

A. $105.
B. $516.
C. $619.
D. $0.

16. Look at the Form 540 you prepared for Lawrence and Theresa Escobedo. What is the amount on Form 540, Line 43?

 

A. $11,031.
B. $32.
C. $970.
D. None of the above.

17. Look at the Form 540 you prepared for Lawrence and Theresa Escobedo. What is the amount on Form 540, Line 44?

 

A. $7,600.
B. $2,500.
C. $3,800.
D. None of the above.

18. Look at the Form 540 you prepared for Lawrence and Theresa Escobedo. What is the amount on Form 540, Line 46?

 

A. $120.
B. $60.
C. $0.
D. None of the above.

19. Look at the Form 540 you prepared for Lawrence and Theresa Escobedo. What is the amount on Form 540, Line 47?

 

A. $516.
B. $3,048.
C. $636.
D. $3,168.

20. Look at the Form 540 you prepared for Lawrence and Theresa Escobedo. What is the amount on Form 540, Line 115?

 

A. $3,295.
B. $1,850.
C. $1,750.
D. $0.

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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