
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 49
John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street, Atlanta, Georgia 30301. Additional information about Mr. and Mrs. Holloway is as follows:
Social security numbers:
John: 412-34-5670. Martha: 412-34-5671.
Form 1099-DIV for John shows this amount:
Box 1a and Box 1b = $345 from MAR Brokerage.
From 1099-INT for John shows these amounts:
Box 1 = $450 from ABC Bank.
Box 4 = $35.
John is a construction worker, and Martha is a secretary.
Prepare the tax return for Mr. and Mrs. Holloway using the appropriate form. They want to contribute to the presidential election campaign.
Social security numbers:
John: 412-34-5670. Martha: 412-34-5671.
Form 1099-DIV for John shows this amount:Box 1a and Box 1b = $345 from MAR Brokerage.
From 1099-INT for John shows these amounts:
Box 1 = $450 from ABC Bank.
Box 4 = $35.
John is a construction worker, and Martha is a secretary.
Prepare the tax return for Mr. and Mrs. Holloway using the appropriate form. They want to contribute to the presidential election campaign.
Explanation
Adjusted Gross Incom...
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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