Federal individual income tax return forms

Assignment Help Accounting Basics
Reference no: EM13763227

Please complete the required federal individual income tax return forms for the following taxpayer. Unless instructed otherwise, the information provided is for the taxpayer's 2012 tax year. Please complete his 2012 tax return. Ignore the requirement to attach the form(s) W-2.

Bob Grant is unmarried and lives in Lexington, Kentucky. Bob's wife died in 2009, leaving him with three children Alyssa, now age 19, Jared, now age 15 and Katherine, now age 12.

  • Bob's Social Security number is 987-45-1234
  • Alyssa's Social Security number is 412-32-4537
  • Jared's Social Security number is 412-32-5690
  • Katherine's Social Security number is 412-32-6940
  • The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502.
  • Jared and Katherine are tax dependents for federal tax purposes

Alyssa is a full-time student at the University of Lexington. Bob provided all of her support. During 2012, Bob paid $11,000 in tuition expenses, $7,300 in Room and Board expenses, and $1,875 for books.a

Reference no: EM13763227

Questions Cloud

Number of tables and chairs to produce to maximize profit : A small furniture manufacturer produces tables and chairs. Each product must go through three stages of the manufacturing process: assembly, finishing, and inspection. Each table requires 3 hours of assembly, 2 hours of finishing, and 1.5 hour of ins..
Client system role play script : Three levels of social work practice: micro, mezzo and macro. Need to develop a script of a client session that represents the techniques you might use to implement the GIM steps and practice skills. This script may depict a client interaction that r..
The limits of eyewitness testimony : According to media reports, Justin Ross Harris, the Georgia dad whose 22-month-old son, died after being left in a hot car, was indicted by a grand jury on multiple murder charges. "Ross Harris indicted for murder in son's hot car death", "The limi..
What will be impact on his holding costs and ordering costs : Daniel Trumpe has computed the EOQ for a product he sells to be 500 units. However, Daniel figures he has plenty of cash to spend. Therefore, he wants to order 600 units each time he places an order. What will be the impact on his holding costs and o..
Federal individual income tax return forms : Please complete the required federal individual income tax return forms for the following taxpayer. Unless instructed otherwise, the information provided is for the taxpayer's 2012 tax year. Please complete his 2012 tax return. Ignore the require..
The annual demand for a product : The annual demand for a product is 1,500 units. The company orders 250 units each time an order is placed. The lead-time is 15 days, and the company has determined that 100 units should be held as a safety stock. There are 250 working days per year. ..
Journal describing a study based on survey research : Locate an article from a peer-reviewed journal describing a study based on survey research. Identify the title and authors of the article. In your own words, describe the construct the researchers were studying, identify and describe the survey that ..
Depreciated straight-line to zero over its six-year life : Your firm is contemplating the purchase of a new $630,000 computer-based order entry system. The system will be depreciated straight-line to zero over its six-year life. It will be worth $42,000 at the end of that time.
Compute current price of bonds if present yield to maturity : The Lone Star Company has $1,000 par value bonds outstanding at 10 percent interest. The bonds will mature in 20 years. Compute the current price of the bonds if the present yield to maturity is: 6 percent? 9 percent? 13 percent? Three total answers ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ellen hays received a windfall from one of her investments

evaluating alternative investmentsellen hays received a windfall from one of her investments. she would like to invest

  Raffies kids a non-profit organization that provides aid to

raffies kids a non-profit organization that provides aid to victims of domestic violence lowincome families and

  Classification of mike''s bad debt deduction

2- Ron sell his business accounts receivable of $100,000 to Mike for $70,000 (70% of the actual accounts receivable). Mike later determines that he will be able to collect only $6,000 $10,000 receivable. Discuss the amount and classification o..

  Independence and code of professional conduct

The following questions concern independence and the Code of Professional Conduct or GAAS. Choose the best response.

  The bank receives interest on the loan at 10 convertible

mr.jones borrows 25 000 from bank b for 10 years. he makes semiannual payments of 2 000. the bank receives interest on

  Write down a 400- to 500-word paper in which you

write a 400- to 500-word paper in which you differentiate between valuation depreciation amortization and depletion. is

  Actual variable costs were indirect materials 14802

nbsplowell companys manufacturing overhead budget for the first quarter of 2012 contained the following data.variable

  Xz corp owned 85 of abc corporation xyz corp received a

xyz corp. owned 85 of abc corporation. xyz corp. received a liquidating distribution from abc corporation as part of

  Axel needs new equipment two companies can provide similar

axel needs new equipment. two companies can provide similar equipment but under different payment plans plan a mre

  If pell used the percentage of completion method what

the following info relates to pell companys construction jobswhich commenced during 2008.

  Nrtons outstanding stock consists of a 13000 shares of

nortons outstanding stock consists of a 13000 shares of noncumulative 8 preferred stock with a 10 par value and b 32500

  David a cpa for a large accounting firm works 10- to

david a cpa for a large accounting firm works 10- to 12-hour days. as a requirement for his position he must attend

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd