Comprehensive Problem 11 Patty Banyan is a single taxpayer a

Comprehensive Problem 1-1

Patty Banyan is a single taxpayer, age 35, living at 543 Space Drive, Houston, TX 77099. Her Social Security number is 466-33-1234. For 2016, Patty has no dependents, and her W-2, from her job at a local restaurant where she parks cars, contains the following information:

466-33-1234

These wages are Patty\'s only income for 2016. Patty wants to donate $3 to the Presidential Election Campaign Fund. The election to donate does not affect tax liability in any way.

Click here to access the table tax to use for this problem.

Required:

Complete Form 1040EZ for Patty Banyan for the 2016 tax year.

Enter all amounts as positive numbers. If an amount box requires no entry or the amount is zero, enter \"0\".

a Employee\'s social security number 466-33-1234

OMB No. 1545-0008

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Solution

Department of the Treasury—Internal Revenue Service Income Tax Return for Single and Joint Filers With No Dependents    (99) Form 1040EZ 2016 OMB No. 1545-0074 Your first name and initial Patty Last name Banyan Your social security number 466-33-1234 If a joint return, spouse\'s first name and initial Last name Spouse\'s social security number Home address (number and street). If you have a P.O. box, see instructions. 543 Space Drive Apt. no. Make sure the SSN(s) above are correct. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Houston, TX 77099   Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund.              You     Spouse Foreign country name Foreign province/state/country Foreign postal code Income Attach Form(s) W-2 here. Enclose, but do not attach, any payment. 1 Wages, salaries, and tips. This should be shown in box 1 of your Form(s) W-2. Attach your Form(s) W-2. 1   19600 2 Taxable interest. If the total is over $1,500, you cannot use Form 1040EZ. 2   0 3 Unemployment compensation and Alaska Permanent Fund dividends (see instructions). 3   0 4 Add lines 1, 2, and 3. This is your adjusted gross income. 4   19600 5 If someone can claim you (or your spouse if a joint return) as a dependent, check the applicable box(es) below and enter the amount from the worksheet on back. You        Spouse If no one can claim you (or your spouse if a joint return), enter $10,350 if single; $20,700 if married filing jointly. See back for explanation. 5   10350 6 Subtract line 5 from line 4. If line 5 is larger than line 4, enter -0-. This is your taxable income. 6   9250 Payments, Credits, and Tax 7 Federal income tax withheld from Form(s) W-2 and 1099. 7   2940 8a Earned income credit (EIC) (see instructions) 8a 438 b Nontaxable combat pay election. 8b 9 Add lines 7 and 8a. These are your total payments and credits. 9   3378 10 Tax. Use the amount on line 6 above to find your tax in the tax table in the instructions. Then, enter the tax from the table on this line. 10   923 11 Health care: individual responsibility (see instructions) Full-year coverage 11   0 12 Add lines 10 and 11. This is your total tax. 12   923 Refund Have it directly deposited! See instructions and fill in 13b, 13c, and 13d, or Form 8888. 13a If line 9 is larger than line 12, subtract line 12 from line 9. This is your refund. If Form 8888 is attached, check here 13a 2455 b Routing number c Type: Checking    Savings d Account number Amount You Owe 14 If line 12 is larger than line 9, subtract line 9 from line 12. This is the amount you owe. For details on how to pay, see instructions. 14 0