T11F-Chp-00-Tst-3-Fall-2011-Individual Project Questions

T11F-Chp-00-Tst-3-Fall-2011-Individual Project Questions -...

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f2ee8afe8fdd12dd79f6683b61230644bacff133.doc. Page 1 of 2 Questions on Tax Return Project- Fall 2011 The following questions are independent. When working the second one, forget about the first, etc. 1 Use the information provided in your tax return project for Robert, Mary and Mary's daughter, Julie. You may also refer to a summary solution on the next page. Suppose you discover that Robert read his W-2 form incorrectly when preparing their income tax return. The correct amount of salary was $125,000. All other amounts provided to you are correct. How much will Robert and Mary deduct for union dues? a. $0 b. $200 c. $1,000 d. $2,000 e. Other 2 Use the information provided in your tax return project for Robert, Mary and Mary's daughter, Julie. You may also refer to a summary solution on the next page. Suppose you discover that Robert read his W-2 form incorrectly when preparing their income tax return. The correct amount of Federal income tax withheld was $7,000. All other amounts provided to you are correct. What is the revised amount of the federal income tax refund for the year? a. $0 b. $1,704 c. $2,666 d. $3,704 e. Other 3 Use the information provided in your tax return project for Robert, Mary and Mary's daughter, Julie. You may also refer to a summary solution on the next page. Suppose you discover that Robert read his W-2 form incorrectly when preparing their income tax return. The correct amount of
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T11F-Chp-00-Tst-3-Fall-2011-Individual Project Questions -...

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