FP 101-Appendix_H[1]

FP 101-Appendix_H[1] - Axia College Material Appendix H Tax...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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 is single with a qualifying child for whom she provides over half of the support. 2.How does Gloria benefit from filing as head of household, rather than single? Her standard deduction for filing as head of household is higher than if she were to file single. 3. What is Gloria’s adjusted gross income? Gloria’s adjusted gross income is $22,275.00 as seen on line 21 as well as in the quick summary. 4.Which line in the tax form did you find her total income? Line 15 provides the total income on the tax form. 5. Even though Gloria is filing the short form (1040A), she is still able to get two credits. What are the two credits Gloria receives? List the line you found the answers on as well.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

FP 101-Appendix_H[1] - Axia College Material Appendix H Tax...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online