Question: Tax return information can be found From your textbook, Chapter 9 Tax Return Problems #1, Lance and Wanda Dean. Requirements: You will file 2021 Federal

Tax return information can be found From your textbook, Chapter 9 "Tax Return Problems #1, Lance and Wanda Dean.

Requirements:

  • You will file 2021 Federal income tax return (treat all info as for year 2021 not year 2020).
  • file Form 1040 and Sch. 1 (do not need Schedule A because they use standard deduction)
  • Check Figures: Line 15-Taxable Income is 73400; Line 16-Tax is $8410; Line 19 child and/or dependent credit is $4000; Line 35 and 35a refund are the same, a refund of $1290.
    • do not forget $600 charitable contribution deduction ($300 for single and $600 for married filing jointly)
    • It is fine If you have a few dollars difference due to rounding.

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