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Tax Return Worksheet

Tax Return Worksheet - 6.How much of a refund is Gloria...

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Axia College Material Appendix H Tax Return Worksheet Directions: Review Gloria Ramsay’s tax return. Answer the following questions based on the information listed in her return. 1. Even though Gloria is single, her filing status is Head of Household. Why is Gloria able to file as head of household? She maintains a household for herself and her dependent. 2.How does Gloria benefit from filing as head of household, rather than single? The head of household status gives her a larger standard deduction, thereby, decreasing her overall taxable income. 3. What is Gloria’s adjusted gross income? 22,275 4.Which line in the tax form did you find her total income? I found it under Quick Summary. 5. Even though Gloria is filing the short form (1040A), she is still able to get three credits. What are the three credits Gloria receives? List the line you found the answers on as well. Child credit, step 4 Keep a copy. Head of household, I found it under filling status. Renter’s credit, I found it under background information worksheet.
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Unformatted text preview: 6.How much of a refund is Gloria going to receive? She will be getting 4,333 back on her taxes. 7. What are the four steps listed in the filing checklist? Step 1-Sign and date the return. Step 2-Assamble the return. Step 3-Mail the return. Step 4-Keep a copy. 8.On the Wage and Tax statement, list how much Gloria paid in her Federal Tax Withholding? She paid 1,500 in Federal Tax Withholding. 9.How much did she pay in Social Security and Medicare? She paid 1,721 in SocSec Tax Withholding, and 326 in Med. Tax Withholding. FP/101 10. Share one thing you found interesting when looking through these forms. Was anything new to you? Do you have any questions about these forms? I never filed for taxes so all of it was new to me. I really don’t understand anything on this form, and the question I have is how do you know if you have the right information on your tax return? And exactly how do you know what you will be getting back? FP/101...
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Tax Return Worksheet - 6.How much of a refund is Gloria...

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