The Park family consists of the following: Jackie O. Park; age 40; SSN: XXX-XX-XXXX; business analyst; single; unmarriedLeslie T. Park; age 16; SSN: 000-00-0000; daughter; high-school student; lives a

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The Park nativity consists of the subjoined:

  • Jackie O. Park; age 40; SSN: XXX-XX-XXXX; employment analyst; single; unmarried
  • Leslie T. Park; age 16; SSN: 000-00-0000; daughter; high-school student; lives at settlement
  • Alex K. Park; age 12; SSN: NNN-NN-NNNN; son; middle-school student; lives at settlement

Pertinent information:

  • Address: 132 Oakbrook Drive, Houston, Texas 77091
  • The Parks do not scantiness to tend to the presidential choice campaign
  • Jackie does not admit offshoot foundation. She pays all of the free expenses including the upkeep of Leslie and Alex. Only Jackie can privilege Leslie and Alex as dependents.
  • Using the set-right Tax Reprimand Catalogue (Not to be perplexed after a while the IRS Tax Tables) reckon the tax payer’s Tax Liability
  • Jackie too works a veritablety troop on a part-time reason. Her proceeds from this employment is from veritable justty sales during the year. She is a unique resident and her troop’s designate is Jaleal Realty Company. Jackie rents a weak employment to work this employment.

Jackie had the subjoined hues on her W-2:

  • Wages: $55,159
  • Federal tax after a whileheld: $7,460
  • Social Security tax after a whileheld: $3,420
  • Medicare tax after a whileheld: $800

Jackie had the subjoined proceeds (as shown on Form 1099) and expenses from her employment:

  • Total self-employment proceeds reported on Form 1099 was $23,000 and came from the veritable justty commissions earned from settlement sales.

Business Expenses:

Rent

7,200

Travel expenses

2,200

Advertising

2,345

Supplies

955

Office expenses

750

Telephone

720

Internet expense

540

Broker license

75

Legal and professional

1,000

Miscellaneous

150

Other tax data:

  • Texas State’s notorious sales tax inference allowed is $924.
  • Jackie admitd $610 of particular profit proceeds from her bank.
  • She donated $230 in specie to her habitation during the year.
  • Real justty taxes hired on her particular abode were $1,980, and the mortgage profit hired to her bank in New York, NY on the first abode for the year was $16,000.
  • Medical expenses for the nativity were as follows:
    • medical prophylactic reward $3,244
    • payments for doctor’s visits $1,760
    • $850 was hired for dentists
    • $230 for custom drugs
  • Using the just tax reprimand catalogue for her filing standing, reckon Jackie’s tax obligation.

Assignment Guidelines

To just Jackie O. Park's tax reappear after a whileout the aid of Tax making-ready software, total the subjoined steps:

  1. Ensure that you accept an Adobe Reader http://get.adobe.com/reader/ installed on your computer to notorious and use the downloadable IRS forms.
  2. Determine which forms are essential for Jackie O. Park's tax reappear.
  3. Go to the IRS Web site and download the fill-in tax forms that you accomplish need to total: 1040, 1040 Catalogue A, 1040 Catalogue C and 1040 Catalogue SE.
  4. Complete all essential downloaded fill-in forms on the computer and snatch.
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