Business Finance Homework Help

Business Finance Homework Help. Tax Return Problem 1, accounting homework help

Juliette White is a head of household taxpayer with a daughter named Sabrina. They live at 1009 Olinda Terrace Apt. 5B, Reno, NV 78887. Juliette works as a receptionist at a local law firm, Law Offices of Dane Gray, and attends school in the evenings at Reno Community College (RCC). She is taking some general classes and is not sure what degree she wants to pursue yet. She is taking three units this semester. Full-time status at RCC is nine units. Juliette’s mother watches Sabrina after school and in the evenings (no charge) so that Juliette can work and take classes at RCC. Social security numbers are 412-34-5670 for Juliette and 412-34-5672 for Sabrina. Their birth dates are as follows: Juliette, 10/31/1988; and Sabrina, 3/1/2012.

The Form W-2 Juliette received from the Law Offices of Dane Gray contained the following information:

Wages (box 1) =$19,502.50

Federal W/H (box 2) = $2,000.14

Social security wages (box 3) = $19,502.50

Social security W/H (box 4) = $1,209.16

Medicare wages (box 5) = $19,502.50

Medicare W/H (box 6) = $282.79

Juliette also had the following expenses:

Education Expenses:

Tuition for Reno Community College $775

Juliette had qualifying health care coverage at all times during the tax year.

Prepare Juliette’s federal tax return for 2015. Use Form 1040 and any additional appropriate schedules or forms she may need for credits.

For any missing information, make reasonable assumptions.

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