Question: Answer this On the 1 0 4 0 form 1 a is total amount from forms w - 2 box 1 . 1 b is

Answer this On the 1040 form 1a is total amount from forms w-2 box 1.1b is house hold employee wages not reported on forms W-2.1c tip income not reported on line 1a.1d is medicaid waiver payments not reported on forms w-2.1e is taxable dependent care benefits from form 2441.1f 8/ employer provided adoption benefits from form 8839.1g is wages from form 8919.1h other earned income. 2a is tax-exempt interest, 3a is qualified dividens, 4a is ira distributions, 5a is pensions and annuities, 6a social security benefits, 7 is capital gain or losss, 8 is additional income from schedule 1,9 is add lines z,2b,3b,4b,5b,6b,7,8. This is total income. Answer with this information. Here is the information: ken is 63 years old and unmarried. He retired at age 55 when he sold his buisness, understock.com. Though Ken is still retired he is very active. Ken reported the following financial information this year. Assume Ken files as a single tax payer. Determine Kens gross income and complete page 1 of form through line 9. A) Ken won $1,200 in an illegal game of poker (the game was played in utah where gambling is illegal) B) Ken sold 1,000 shares of stock for $32 a share. He inherited the stock two years ago. His tax basis (or investment) in the stock was $31 per share. C) Ken received $25,000 from an annuity he purchased 8 years ago. He purchased the annuity, to be paid annually for 20 years for 210,000. D) ken received 13,000 in disability benefits for the year. He purchased the disability insurance policy last year. E) ken decided to go back to school to learn about european history. He received a $500 cash scholarship to attend. He used $300 to pay for his books and tuition and he applied the rest toward his new car payment. F) Kens son, Mike instructed his employer go make half of his final paycheck of the year payable to Ken as a gift from Mike to Ken. Ken received the check on Dec 30 in the amount $1,100. G) ken received $610 refund of the $3,600 in state income taxes his employer withheld from his pay last year. ken claimed $13,900 in itemized deductions last year ( the standard deduction for a single filer is 13,850). H) ken received $30,000 of interest from corporate bonds and money market accounts

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