Reference no: EM131288857
INSTRUCTIONS:
Using Turbo Tax please prepare a Form 1040 and all required schedules using the data provided.
o You may access Turbo Tax online and print a free Federal Tax Return, or
o You may download Tax Act if you have a Microsoft operating system on your computer using McGraw Hill's Additional Student Resources. There should not be any charge (4) for this download.
Then, prepare and attach a one-page, one sided, typed, formal client letter; include the date, taxpayer name, address, city, state & zip code, salutation and formal closing signature line. Include three (3) specific tax recommendations and label them as 1), 2), & 3) within the body of the formal client letter.
Attach the 2015 Form 1040 to the formal typed client letter and include all required schedules and forms in ascending sequence order using a single paper clip in the top left corner, including all computer generated worksheets and schedules.
CLIENT DATA:
Elizabeth H. Johnston
Age 21, SSN 808-80-8080, Single, no kids or dependents
Lives in an apartment at 4213 East 41 St, East Hempstead NY 10101
Graduated from college in May 2015 and went to work full time June 1, 2015.
Her employer began to pay for her health care June 1 and she had health care at college from January 1 to May 31. No one else claims her as a dependent since she has had no living family members since age 18 and has supported herself since then.
She aims to become President of the United States one day and wants $3 to go to the Presidential Campaign Fund. Even though she qualifies to contribute to a 401(k) plan at her new full time job she chose not to.
Elizabeth has never deducted any tuition expense nor has she ever utilized any tuition tax credits in prior years.
Attachment:- tax-project-data.pdf
What is its change in working capital
: Suppose Provo, Inc., had net income of $30 million for the most recent fiscal period. If its depreciation and amortization for the period is $3 million and its cash flow from operations is $35 million, what is its change in working capital for thi..
|
Actor-businessman arnold schwarzenegger
: In the 2003 California gubernatorial recall election, the ballot contained 135 candidates, including people with various listings for their current job, including "actor," "comedian," and even "adult film actress."
|
Maximum number of friends
: Show that your relative's greedy algorithm may not always result in the maximum number of friends being invited to your party.
|
Discuss ideas for applications of the google glass device
: Discuss ideas for applications of the Google Glass device among the business and institutional markets. How can these applications be incorporated into online, mobile, and social media marketing?
|
Prepare a form 1040 and all required schedules
: Prepare a one-page, one sided, typed, formal client letter; include the date, taxpayer name, address, city, state & zip code, salutation and formal closing signature line.
|
Calculate the payback period
: Internal rate of return i. Modified internal rate of return, assuming reinvestment at 0% j. Modified internal rate of return, assuming reinvestment at 10%
|
What items are popular for high end pet products
: Where is our competitors located and how well are they doing as a organization. What items are popular for high end pet products? How big is our market?
|
How do consumer products differ from industrial products
: What is a product? How do consumer products differ from industrial products?- Name and briefly describe the important decisions in developing and marketing individual products and services.
|
Affected the field of modern security
: Write a 700- to 1,050-word paper in which you compare how technology has affected the field of modern security over the last 20 years.
|