Submit the answers to the
Assignment
online (the questions on this page).
Scroll down for all questions on this page. When you are ready to
submit click on the
Assignment
link. (These
questions may appear again on the quiz online).
Complete a quiz on the
reading material: Quiz
Online. You have 60 minutes to
complete 40 questions for this quiz. You must study the reading material. You
won't have time to look up questions in the reading material.
Important:
If you fail a topic you can
try again until you pass. However, you cannot try again until 24
hours later.
Every time
you try the questions will be different. You will be disqualified from
completing this segment if you do not allow the proper 24 hours in
between tries. If you are disqualified, you will be notified through email of
the substitute topic to complete.
Most forms are in Adobe Acrobat PDF format.
You
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.
Use the following W-2's and
information to prepare a tax return for Saul Lopez and Brenda
Garcia.
Saul (Date of Birth 9/15/1947) and Brenda (Date
of birth 7/10/1957) were married throughout the year
lived together for the entire year. They will file their tax returns as Married filing separate.
Saul and Brenda lived together for all 2013. So you need to file a tax
return for Saul and another one for Brenda. They did not 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 $2,436.74. Brenda
received dividends of $3,391.31 from stock she owned before the marriage.
Brenda
contributed $6,500 to an IRA for an IRS
deduction on her 2013 tax return.
Saul
and Brenda received interest from an interest bearing account held jointly of
$2,034.15.
Saul paid $2,490
rent per month for a 3 bedroom house for all of 2013. 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. The property was not
exempt from tax.
Saul received $27,969.53 Social Security benefits
reported on box 5 of Form SSA-1099.
Tax Return filing situation 2:
Thom (Date of birth 6/19/1948) and
Susan Evans (Date of birth 4/16/1950) are married. Their two
children Sara Evans (DOB 01/10/1995 and SSN (DOB 11/25/1995 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 Thom will claim the mom and
that Susan will claim the girls.
Thom received $1,710.84 in dividends from stock that
he owned before the marriage.
Susan received $1,287.90 in dividends from stock that
she owned before the marriage.
Susan contributed $5,300 to an IRA for an IRS
deduction on her 2013 tax return.
Thom received $23,903.63 Social Security
benefits reported on box 5 of Form SSA-1099.
Thom and
Susan paid $11,400
rent for the whole year for a 4 bedroom house for all of 2013.
The property was not
exempt from tax.
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 2013. 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 540 that you prepared for
Saul. What is
the amount on Line 12?
A. $18,232
B. $19,315
C. $57,887
D. $57,057
2. Look at the Form
540 that you prepared for Saul. What is
the amount on Line 13?
A. $88,078
B. $21,783
C. $26,580
D. None of the above
3. Look at the Form
540 that you prepared for Saul. What is
the amount on Line 14?
A. $3,322
B. $831
C. $23,775
D. $5,088
4. Look at the Form
540 that you prepared for Saul. What is
the amount on Line 17?
A. $20,122
B. $54,303
C. $21,492
D. $0
5. Look at the Form
540 that you prepared for Saul. What is
the amount on Line 19?
A. $50,397
B. $17,651
C. $21,457
D. $0
6. Look at the Form
540 that you prepared for Saul. What is
the amount on Line 31?
A. $2,605
B. $2,530
C. $4,251
D. None
of the above
7. Look at the Form 540
that you prepared for Saul. What is the amount on Line 32?
A.
$93
B. $212
C. $2,428
D. $0
8. Look at the Form
540 that you prepared for Saul. What is
the amount on Line 48?
A. $2,038 B. $412
C. $2,673
D. $0
9. Look at the Form
540 that you prepared for Saul. What is
the amount on Line 71?
A. $1,307
B. $1,232
C. $319
D. None of the above
10. Look at the Form
540 that you prepared for Saul. What is the amount on Line 111?
A. $1,307
B.
$889
C.
$2,661
D. $0
11. Look at the Form
540 that you prepared for Brenda. What is
the amount on Line 12?
A. $87,590
B. $89,330
C. $82,383
D. $56,226
12. Look at the Form
540 that you prepared for Brenda. What is
the amount on Line 13?
A. $65,257
B.
$89,330
C.
$91,751
D. None of the above
13. Look at the Form 540 that you prepared for
Brenda. What is
the amount on Line 17?
A. $87,590
B. $89,330
C. $55,257
D.
$91,751
14. Look at the Form
540 that you prepared for Brenda. What is
the amount on Line 19?
A. $52,457
B. $89,330
C.
$51,351
D. $53,288
15. Look at the Form
540 that you prepared for Brenda. What is
the amount on Line 31?
A. $2,343
B. $5,778
C. $2,605
D. $0
16. Look at the Form 540
that you prepared for Brenda. What is the amount on Line 48?
A. $5,609
B.
$2,237
C.
$5,674
D. $2,443
17. Look at the Form
540 that you prepared for Brenda. What is
the amount on Line 71?
A. $2,391.56
B.
$1,980
C. $1,149
D. None of the above
18. Look at the Form
540 that you prepared for Brenda. What is
the amount on Line 75?
A. $1,149
B. $1,088
C. $3,694
D. $0
19.
Look at the Form 540 that you prepared for
Brenda. What is
the amount on Line 94?
A. $3,527
B. $1,088
C. $3,694
D. $0
20. Look at the Form
540 that you prepared for Brenda. What is
the amount on Line 111?
A. $3,527
B. $1,172
C. $1,088
D. $0
21. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 12?
A. $14,945.54
B.
$14,946.
C. $15,842
D. $20,955
22. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 13?
A. $15,842
B.
$66,232.
C.
$68,436
D. None of the above.
23. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 14?
A.
$19,168.
B.
$22,568.
C. $11,285
D. $20,318
24. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 17?
A. $45,868
B.
$45,331.
C. $15,899
D. $0
25. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 19?
A. $41,425
B. $42,099
C.
$43,223
D. $45,868
26. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 31?
A. $1,522
B. $1,632
C.
$1,640
D. $55
27. Look at the Form 540
that you prepared for Thom. What is the amount on Line 32?
A. $806
B. $1,428
C. $432
D. $55
28. Look at the Form
540 that you prepared for Thom. What is the amount on Line 35?
A. $1,090
B.
$1,027
C. $2,054
D. $55
29. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 48?
A.
$182
B. $1,090
C.
$221
D. $1,192
30. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 71?
A. $986
B.
$401
C. $972
D. $1,192
31. Look at the Form
540 that you prepared for Thom. What is
the amount on Line 111?
A.
$0
B.
$182
C. $104
D. $1,192
32. Look at the Form
540 that you prepared for Susan. What is
the amount on Line 12?
A. $75,955
B. $45,765
C. $71,397
D. $81,965
33. Look at the Form
540 that you prepared for Susan. What is
the amount on Line 13?
A. $75,955
B. $54,908
C.
$46,665
D. None of the above
34. Look at the Form
540 that you prepared for Susan. What is
the amount on Line 17?
A. $71,322
B. $45,765
C.
$44,908
D. $76,322
35. Look at the Form
540 that you prepared for Susan. What is
the amount on Line 19?
A. $67,553
B. $42,824
C. $41,002
D. $76,322
36. Look at the Form
540 that you prepared for Susan. What is
the amount on Line 31?
A. $1,490
B. $1,663
C. $4,400
D. $0
37. Look at the Form 540
that you prepared for Susan. What is the amount on Line 32?
A.
$1,215
B. $1,530
C. $758
D. $4,298
38. Look at the Form
540 that you prepared for Susan. What is the amount on Line 35?
A. $2,054.34
B. $2,054
C.
$1,027
D. None of the above
39. Look at the Form
540 that you prepared for Susan. What is
the amount on Line 71?
A.
$986
B. $503
C. $3,271
D. $187
40. Look at the Form
540 that you prepared for Susan. What is
the amount on Line 115?
A. $2,806
B. $503
C. $254
D.
$188
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 3 above.
You
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.
