Question: Complete a 2021 1040 in excel using the scenario below. You may use this link to calculate EITC: https://www.taxoutreach.org/help/ Pam (age 67) and Tommy (age
Complete a 2021 1040 in excel using the scenario below. You may use this link to calculate EITC: https://www.taxoutreach.org/help/
Pam (age 67) and Tommy (age 68) have 2 grandchildren that live with them full time and they provide all of their support (Brandon, age 2, and Dylan, age 8). Pam works at the local grocery store and received $14,000 in wages on a W-2 (she withheld $650 in federal income tax). Tommy is a greeter at Wal-Mart and received $29,000 in wages on a W-2 (he withheld $2,100 in federal income tax). Pam received $15,000 in social security benefits, and Tommy received $17,000 in social security benefits. They received a distribution from Tommy's IRA of $1,650. They received advanced child tax credit payments of 3,300. They received $2,800 in stimulus payments in March 2021. They donated $2,000 to their church.
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