6-1 Final Practice.xlsx - 6-1 Final Project Practice Tax...

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6-1 Final Project Practi[People][SSN][DOB][Income]Daniel B. Butler111-11-11111/15/1965Freida C. Butler123-45-67898/20/1966Claimable Dependents:Gina Butler123-45-678822 Yrs. Old$ - Full Time StudentSam Butler123-45-678720 Yrs. Old$ 6,300.00 Graduated H.S. May 2016Ben Butler123-45-678626 Yrs. Old$ 5,200.00 Full time Graduate StudentEMPLOYMENT:Dan ButlerManager @ WJJJ Inc.604 Franklin Street, Corbin, KY 40702Freida ButlerSalesperson @ Corbin Realty899 Central Street, Corbin, Ky 40701w-2 Information Supplied (Cash-Method)[Dan][Freida]Wages$ 74,000.00 $ 86,000.00 EQUALS….$ 160,000.00 State Income Tax Withheld$ 11,000.00 $ 12,400.00 Fed. Income Tax Withheld$ 2,960.00 $ 3,440.00 12/30/2016Freida Sold a HouseOTHER 2016 Income (as reported on 1099 forms)Dividends on CSX Stock (Qualified)$ 4,200.00 Interest on savings at Second Bank$ 1,600.00 Interest on City of Corbin bonds$ 900.00 Interest on First Bank CD$ 382.00 NOTES:The $382 from First Bank was original issue discountDan and Freida collected $16,000 on the First Bank CD that matured on September 30, 2016.

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