q75244177__000__37.pdf - Question In ( Accounting ) . ( :...

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Question In ( Accounting ). ( : Question : ) .Prepare a 2020 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce Byrd for2020.   ÂAlice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 111-11-1122,respectively. Alice’s birthday is September 21, 1968 and Bruce’s is June 27, 1963. They live at 473 Revere Avenue, Newtown, NY 10187.Alice is the office manager for Ames Dental Clinic, 433 Broad Street. Newtown, NY 10187(employer identification number 98-7654321). Bruce isthe manager of a Super Burgers fast-food outlet owned and operated by Plymouth Corporation, 1247 Central Avenue, Hauppauge, NY11788(employer identification number 11-1111111). He is also a self -employed attorney and has a part time practice.The following information is shown on their Wage and Tax Statements (Form W-2) for 2020.Line Description Alice Bruce1. Wages, tips and other compensation $52,600 $61,5002. Federal income tax withheld 4,180 5,9903. Social Security wages 52,600 61,500
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Term
Winter
Professor
Hashem A. Hashem
Tags
Taxation in the United States, Income tax in the United States, Alice Bruce

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