Question

Form 1040 Schedules. determine which of the schedules 1 through 3 the taxpayers will file with form 1040 for each case. a. Abby and Bert are married, file a joint tax return, and have two qualifying children (ages 4 and 8). Their only income is $70,000 of salaries and wages, from which $4500 of federal income tax is withheld. They claim the standard deduction and child care credit. b. Celeste is a full time college student and qualifying child of her parents. Her only income is $7500 of salaries and wages from a part-time job. She claims the standard deduction. c. Donna and Ernie (ages 64 & 67) are married, file a join tax return, and have no dependents. Donna receives a $125,000 salary for the year, and Ernie receives $45,000 of taxable pension benefits. The federal income taxes of $30,000 are withheld. Donna and Ernie have $10,0000 of qualifying dividends and a $4000 long term capital-gain from their investments. They claim itemized deductions rather than the standard deduction. d. Fiona is age 12 and a dependent of her parents. Her only income is $25,000 of taxable interest from bonds she inherited from a grandparent. She made $3,100 of estimated tax payments.

          Form 1040 Schedules. determine which of the schedules 1 through 3 the taxpayers will file with form 1040 for each case. 
a. Abby and Bert are married, file a joint tax return, and have two qualifying children (ages 4 and 8). Their only income is $70,000 of salaries and wages, from which $4500 of federal income tax is withheld. They claim the standard deduction and child care credit. 
b. Celeste is a full time college student and qualifying child of her parents. Her only income is $7500 of salaries and wages from a part-time job. She claims the standard deduction.
 c. Donna and Ernie (ages 64 & 67) are married, file a join tax return, and have no dependents. Donna receives a $125,000 salary for the year, and Ernie receives $45,000 of taxable       pension benefits. The federal income taxes of $30,000 are withheld. Donna and Ernie have $10,0000 of qualifying dividends and a $4000 long term capital-gain from their investments. They claim itemized deductions rather than the standard deduction. 
d. Fiona is age 12 and a dependent of her parents. Her only income is $25,000 of taxable interest from bonds she inherited from a grandparent. She made $3,100 of estimated tax payments.

form 1040 schedules determine which of the schedules 1 through 3 the taxpayers will file with form 1040 for each case a abby and bert are married file a joint tax return and have two qualify 78988

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