Review the following documents:

1. 
   
   1. Individual Income Tax Return Form 1040 Year I: William & Joan Rogers
   2. Individual Income Tax Return Form 1040 Year II: William & Joan Rogers
   3. W-2 Year 1 – William Rogers
   4. W-2 Year 2 – William Rogers
   5. W-2 Year 1 – Joan Rogers
   6. W-2 Year 2 – Joan Rogers
   7. A worksheet that reconciles the W-2s, tax returns, and JRE employment deposits in Joan Roger’s bank account.

		Taxpayer	Rogers, William
			Rogers, Joan
			1507 Morning Glory Circle
			Morgantown, WV 26505
		Taxpayer ID	www-ww-wwww
			www-ww-yyyyy
		Tax Year	20X8
U.S. Individual Income Tax Return
FORM 1040
	Line
Filing Status	1	Married filing jointly
Exemptions	6a	Yourself	X
	6b	Spouse	X
	6d	Total number of exemptions claimed	2
Income
	7	Wages, salaries, tips	71,749
	8a	Taxable interest	0
	12	Business income or (loss). Attach Schedule C	2,942
	22	Total income	74,691
Adjusted Gross Income	25	Student loan interest deduction	722
	29	One-half self-employment tax	249
	33a	Alimony	6,000
	34	Adjusted gross income	67,720
Taxes and Credits
	35	Amount from line 34	67,720
	37	Deductions (Schedule A or standardized)	10,293
	38	Subtract line 37 from 35	57,427
	39	Multiply $3,000 by exemptions claimed	6,000
	40	Taxable income	51,427
	41	Tax	6,657
	42	Alternative minimum tax	0
	43	Add lines 41 and 42	6,657
Other Taxes	56	Self-employment tax	498
	60	Add lines 54 through 59. Total tax	7,155
Payments
	61	Federal income tax withheld	8,147
	62	Estimated tax payments	0
	68	Total payments	8,147
Amount Owed	70	Overpaid	992
	71a	The amount you want to be refunded to you	992
Amount Owed	73	Amount owed	0
	74	Estimated tax penalty	0
Paid Preparer		Self-prepared

Itemized Deductions
SCHEDULE A
(Form 1040)
	Line
Taxes Paid
	5	State and local income taxes	3,502
	6	Real estate taxes	745
	7	Personal property	301
	9	Add lines 5 through 8	4,548
Interest You Paid	10	Home mortgage interest and points	5080
	14	Total	5,080
Gifts to Charity	15	Gifts by cash	500
	16	Gifts other than cash	165
	27	Other--Gambling	665
Total Itemized Deductions			10,293
	28	Is Form 1040, line 35, is over $139,500?
		Yes.
Profit or Loss From Business
SCHEDULE C
(Form 1040)	A	Scientist: William Rogers Consulting
	Line
Part I
Income	1	Gross receipts or sales	4,421
	2	Returns and allowances	0
	3	Subtract line 1 from line 2	4,421
	4	Cost of good sold
	5	Gross profit	4,421
	6	Other income
	7	Gross income	4,421
Part II	15	Insurance	196
Expenses
	28	Total expenses	196
	29	Tentative profit (loss)	4,225
	30	Expenses for business use of home	1,283
	31	Net profit	2,942

		Taxpayer	Rogers, William
			Rogers, Joan
			1507 Morning Glory Circle
			Morgantown, WV 26505
		Taxpayer ID	www-ww-wwww
			www-ww-yyyyy
		Tax Year	20X9
U.S. Individual Income Tax Return
FORM 1040
	Line
Filing Status	1	Married filing jointly
Exemptions	6a	Yourself	X
	6b	Spouse	X
	6d	Total number of exemptions claimed	2
Income
	7	Wages, salaries, tips	76,351
	8a	Taxable interest	0
	12	Business income or (loss). Attach Schedule C	4,360
	22	Total income	80,711
Adjusted Gross Income	25	Student loan interest deduction	673
	29	One-half self-employment tax	219
	33a	Alimony	6,000
	34	Adjusted gross income	73,819
Taxes and Credits
	35	Amount from line 34	73,819
	37	Deductions (Schedule A or standardized)	10,897
	38	Subtract line 37 from 35	62,922
	39	Multiply $3,050 by exemptions claimed	6,100
	40	Taxable income	56,822
	41	Tax	7,696
	42	Alternative minimum tax	0
	43	Add lines 41 and 42	7,696
Other Taxes	56	Self-employment tax	437
	60	Add lines 54 through 59. Total tax	8,133
Payments
	61	Federal income tax withheld	9,517
	62	Estimated tax payments	0
	68	Total payments	9,517
Amount Owed	70	Overpaid	1,384
	71a	The amount you want to be refunded to you	1,384
Amount Owed	73	Amount owed	0
	74

Answer rating: 100% (QA)

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