Assignment Ch4.2, due 7/17, up to 2 points Based on Exhibit 4-2, Form 1040. Please see attached Forms 1040 for 2018 and 2017. Note three similarities and three differences between the 2017 tax form and the 2018 draft form 1040 Three differences (0.50 points each): Three similarities (0.15 points each): Comment on what you have learned (Maximum grade of 1.7 without an insightful comment) 040 U.S. Individual Income Tax Return 2017 number and you have a P.O.BG ripomote, stars, and Poock. Fyou hemato Pure der Bection Campaign at your own Filling Status one 1 2 3 Y oune Single 4 Head of hohold with qualitying person ( S t ruction) Married filing jointly leven if only one had income ng person is achid not your dependente Married fling separately. Enter spouse's SSN above and full name here. 5 Quang widow see instructions Yourself someone can claim you as a dependent de not checkbox Ba. . Spouse . . Dependents: Depender des ane social security uber t 6a Exemptions ) First more than four dependents, tee instructions and check here d Total number of exemptions claimed . . . . . . . . 7 Wages, salaries, tips, etc. Attach Forms) W-2 - . - - - - Income Ba Taxable interest. Attach Schedule Bit required . . - - - - - b Tax-exempt interest. Do not include on line 8 Attach Forms) Sa Ordinary dividends. Attach Schedule Bit required - - - - - - - W-2 here. Also attach Forms b Qualified dividends .... 10 Taxable refunds, credits, or offsets of state and local income taxes . - - - W-2G and - - 1099-R if tax 11 Alimony received . . . . . . was withheld. 12 Business income or loss. Attach Schedule Cor C-EZ. . 13 Capital gain or loss. Attach Schedule D required. If not required, check here If you did not 14 Other gains or losses). Attach Form 4797... get a W-2. T 15a amount 150 RA distributions - see instructions. Table amount 16a Pensions and annuities 160 17 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Amach Schedule . - - 18 Farm income or loss. Attach Schedule F.. . . . . . . . . . Unemployment compensation . . 19 Taxable amount 20a Social security benefits 20a 21 Other Income. List type and amount ne 22 Combine the amounts in the far right column for lines 7 through 21. This is your o - - - - - - - 23 - Educator expenses - - Adjusted 24 Certain business expenses of reservists performing artists, and Gross 2106-EZ fee-basis government officials. Attach Form 2106 Income 25 Health Savings account deduction. Attach Form 3809 . . 26 Moving expenses. Attach Form 3903 - 27 Deductible part of self-employment tax. Attach Schedule SE. 28 Selemployed SEP, SIMPLE, and qualified plans - - - - 29 Self-employed health insurance deduction - - - - - 30 Penalty on early withdrawal of savings. 31a Alimony paid b Recipient's SSN . . . . . . . 32 . IRA deduction. . . . . - - - - - 33 Student loan interest deduction. - - - - - - 34 Tullion and foes. Attach Form 1917 35 Domestic production activities deduction. Attach Form 3909 . . 36 Add lines 23 through 35. 37 Subtractine 36 from line 22. This is your adjusted gross incon For Disclosure Privacy Act, and Paperwork Reduction Act Notice, see separate instructions Form 1040 2017 Your bomo January 2, 1953. Dina Talbos actions Subtract line 46 from in S 41 e e your standard deduction et margir * Excess dance premium tax credit Amach form . Foreign Amach For 116 Ceditor and ent 50 f con credits tomo orm 51 b Retirement savings contributions credit Amach Form 19 52 Chix credit. Arach Sched 51 12 drequred. 53 Residence Actors 54 Other credits from com a 300 c A c s through 54. These are your 56 Subtract line 55 from line credits . Wine is more than 4 57 Self-employment 0 Altach Scheese Other se reported social security Medicare of 59 Taxes 137 Additional tax on 1019 other qualified retirement plans, 50 Household omelettromiche Altach For 23r d F h omebuye credit Anach For 5405 61 Health care individual cont - enuti ya coverage Taxes from a fome nto 63 Adelines 56 through e code . This is your totalta Payments 64 Federal income from For W-2 and 1000 65 2017 stated tax payments and amount oplied from 2016 return If you have a sa Earned Income credit (EIC) qualifying - - - 583 Schedule EC 67 Additional chadtax credit. Attach Sched $812- 68 American opportunity credit from Form line 8 G B 69 Net premium tax credit. Arch Form 8902 6 0 70 Amount paid with request for extension to S . 70 71 Ecco curity and TATA o d 71 72 Credet for federal tax on fuels. Attach Form 4136 7 2 73 Octomom a n d 74 Add lines 64 65 and 67 through 73. These are your total payments - 74 Refund 75 If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you everpad 75 760 Amount of line 75 you want refunded to you. Form a tached, check here 78 Director Rowing number 1 Type Checking Savings d Account number 77 Amount of line 75 you want applied to your 2018 ested tax 77 Amount 78 Amount you owe Subtract line 74 from Ine 63. For details on how to pay, so instructions 78 You Owe 79 Estimated tax penalty see instructions Third Party Do you want to allow another person to discuss this return with the IRS see instructions? Yes. Complete below. No Desinne Designee Designe's Persona entication sumber Under perspectes do when we de estoy row .com Here Your Dare Your bupation Daytime phone number See Spouse's nature. If a joint retum, both mat u re s 'occupation the went you an identity Predien Prane Sign Per Type preparer's name Preparar's signature "aid reparer se Only -employed IN F name F's des Form 1040 01 ctions and the latest information of the Treasury o nel 140 u.s. Individual Income Tax Return Service Salt Married lingityMading OS Single y 2018 O OMB No 1545-0TA O D ou to D ing widown Your social story number autor dad deduction: return, spouse's first name and into someone can claim you as a dependent Last name Your bomber 1954 You are bind Spouse's social security number c deduction Someone can claim your spouse as a dependent blind Spouse emizes on a separate eum or your un Home address number and streets. If you have a P.O. bok, se instructions o brany 2.1954 yatacowe e COTO Bee ADL n. Presidentialection Campaign C lown or post office, state, and ZIP code. If you have a foreign address, attach Schedule Dependents (see instructions (1) Rae Sociale number If more than tour dependerit, ist and here qualities for beint Child tax credit Credit to the dependents Reaton to you Last name Under perates of perjury. I declare that I ha d Sign the e ss e t, and to the best of my knowledge and beat they are correct, and complete Declaration of prepare ther than topayotis bado al i gn which pr a y Here Your occupation the S o u an der Your signature Protection PIN, entert Join return? be See instructions the Keep a copy for Date Spouse's signature. If a joint return, both musts went you an identity Pro Spouse's occupation PIN, entert your records. he Firm's EIN Check Preparer's name Paid Desire Preparer Firm's name Use Only Firm's address Fm 1040 DO For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, se separate instructions. 3b 4b 5 Wages, salaries, tips, etc. Attach Fomin W-2 Tax-exempt interest . 3 Qualified dividends. . b Taxable interest da IBAN persions and annues b Ordinary dividends Taxable amount. . 5a Social security benefits . b Taxable amount . . Total income. Add lines through 5. Add any amount from Schedule tine 22 Adjusted gross income. If you have no adjustments to income, enter the amount from line : otherwise subtract Schedule 1. So, tromine8 . - - - Standard deduction or itemized deductions from Schedule . . . . . . . 9 . Qualified business income deduction (see instructions. . . . . . . . . . . . 10 Taxable income. Subtract lines and from line 7. zero or less enter-0. . . . y or Olying 11 a Tax (see inst.) check it any from 1 Form8814 2 Form 472 30 Add any amount from Schedule 2 and check here . . . . . a Chadtax creditoredit for other dependents b Add any amount to schedule and check here Subtract line 12 from line 11. 18 zero or less enter-0 . . . Other taxes. Attach Schedule 4. . . . . . . . . . . . . . . - - - - Total tax. Add lines 13 and 14 . . . Federal income tax witheld from Forms W-2 and 1099 . . . . . . . . . . Refundable credits: a C see Inst) b Sch. 1812 Form 3853 Add any amount from Schedule 5 - 18 Add lines 16 and 17. These we your total payments 19 line 18 is more than line 15, subtract line 15 from line 18. This is the amount you everpaid. . Refund . . . 20 Amount of line 19 you want refunded to you. I Form BS is attached, check here i Type Checking Savings Derect depost? b Routing number III i d Account number 1 21 21 Amount of line 19 you want applied to your 2019 estimated tax . . . Amount You Owe 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions 23 Estimated tax penaltydsee instructions Go to www.insgow/Form1040 for instructions and the latest information. 16 20 For 1040 18