Question: The assignment is to prepare a tax return using the information provided below for Nicole Student. Nicole is a student at U of I and

The assignment is to prepare a tax return using the information provided below for Nicole Student. Nicole is a student at U of I and is claimed as a dependent by her parents. She lives at 523 East Healy, Champaign, IL 61820. Her social security number is 555-44-3321. Nicole earned the following income:

W-2 from XYZ Company Wages 6843 Federal withholding 625 State Withholding 360

Interest income from Busey Bank of 15

You should use form 1040 for Nicole.

All forms and instructions needed can be found at www.IRS.gov

Use only 2022 forms and tax rates when preparing the return.

You may either hand write the forms or use the fill in feature at the IRS website.

The project is due by 11:59pm on September 18th. The return needs to be filed on line through canvas.

Prepare a state of Illinois return as well. Those forms can be found at https://www2.illinois.gov

Step by Step Solution

★★★★★

3.47 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

James A. Jones and his wife, Jean B. are Oklahoma residents for the 2015 tax year. Jean, who was legally blind, passed away on June 5, 2015. Prepare a 2015 Individual Income Tax Return for the...

In the following exercise, the assignment is to prepare a trial court brief. The assignment contains the memo from the supervising attorney, which includes all the available facts of the case....

The monochromatic emissivity of a diffuse-surface at 1600 K varies with wavelength in the following manner : = 0.4 for 0

A vertical grinding wheel is a uniform disk of mass 60 kg and radius 45 cm. It has a handle of radius 65 cm of negligible mass. A 25-kg load is attached to the handle when it is in the horizontal...

=+3Explain how the intrinsic motivation state of flow might occur in rock climbing.

Where is the position?

Altidore Inc. operates a calendar-year-end business that suffers from dramatic seasonal variation in taxable income. For example, it often operates at a net loss for the first two quarters of the...

Dwight Donovan, the president of Perez Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase...

Refer to the first 100 minutes of the computer simulation of the current operation of Herr Cutter's barber shop presented in Figure 12.7 and summarized in Figure 12.8. Now consider the alternative of...

TB MC Qu . 0 4 - 1 0 9 ( Algo ) Garza Company had sales... Garza Company had sales of $ 1 4 4 , 2 0 0 , sales discounts of $ 2 , 1 7 5 , and sales returns of $ 3 , 4 6 0 . Garza Company's net sales...

Amy, the daughter of Amy's owners, believes that happiness does not come from money...she says it comes from meaning and purpose. If Amy's belief is based on her American culture, what ethical...

30. Question 30 Once every month, Adventure Works organizes a performance review meeting. This time, it's centered on the latest Microsoft Power BI reports you've crafted to understand market trends....

Explain what is meant by the "flaw of averages" when it comes to healthcare? How will "flaw of averages" influence our analytic approach in Healthcare? Provide a specific clinical or healthcare...

A zinc die casting has a critical dimension of 7.500 in when it solidifies in the mold at its melting temperature because 7.500 in is the corresponding mold dimension. What is the value of this part...

One of your colleagues is planning on changing (ie. altering the numbers) his collected data to make the data "say" what he wants the data to state. His plan is to submit the abstract to a national...

cycle travel tours showed the following trail balance information (in alphabetical) for its forst month just ended march 31 ,2023

Thalina Mineral Works is one of the worlds leading producers of cultured pearls. The companys condensed statement of cash flows for the years 20182020 follows. Required Comment on Thalina Mineral...

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...

In 2012, Gale and Cathy Alexander hosted an exchange student, Axel Muller, for 9 months. Axel was part of International Student Exchange Programs (a qualified organization). Axel attended tenth grade...

Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...

A proposed strip mine would require the investment of $2 million at the beginning of the first year and a further investment of $3 million at the end of the first year. Mining operations are expected...

To manufacture a new product, a company must immediately invest $275,000 in new equipment. At the end of Years 3 and 5, there will have to be a major overhaul of the equipment at a cost of $40,000 on...

The development of a new product will require the expenditure of $150,000 at the beginning of each of the next three years. When the product reaches the market at the beginning of Year 4, it is...