Prepare a basic tax return using the appropriate tax forms and rate schedules. Choosing and preparing an individual tax form. Use 1040 or 1040ez. Mark Huang is single, graduated from college in 2015 and began work as a systems analyst in July of that year. He is preparing to file his income tax return for 2015 and has collected the financial information shown below for that calendar year.

Scholarship used to pay tuition $ 5,750

Scholarship used to pay room and board 1,850

Salary 30,250

Interest income 185

Itemized deductions 3,000

Income taxes withheld 2,600

a. Prepare Marks 2015 tax return, using a $6,300 standard deduction, a personal exemption of $4,000, and the tax rates given. Which tax form should Mark use, and why?

b. Prepare Marks 2015 tax return using the data in part a along with the following information: IRA contribution $5,000 Cash dividends received 150 Which tax form should he use in this case? Why?