Monroe is a mechanic and his form W2 box 1 shows 21000 from
Monroe is a mechanic and his form W-2, box 1, shows 21000 from his job at wild autos. he also worked as a waiter on the weekends. his form W-2, box 1, from the restaurant shows wages 8000 in box 1. he also received 18 in tips, which were not reported to his employer. what amount will Monroe report as wages on form 1040, line 7.
a) 8018
b) 21018
c) 29018
d) 29000
Solution
Amount to be reported as wages on form 1040, line 7 = 21000+8000+18 = $29018 Option C is correct