Individual income tax return

Answer the following questions
1.What is the net Form W-2 wages?
2.What is miscellaneous income?
3.What is Schedule B income (Interest and dividends)?
4 What is Schedule C net income (Business income)?
5.What is Schedule D net income (Capital gains and losses)?
6.What is Schedule E depreciation (Rental property)?
7.What is Schedule E net income (Rental income & Sub-S income)?
8.What is the total “For AGI” deductions?
9.What is Adjusted Gross Income?
10.What is the Schedule A deduction for taxes?
11.What is the Schedule A deduction for interest expense?
12.What is the Schedule A deduction for charitable contributions?
13.What is the Schedule A total itemized deductions?
14.What is the qualified business income deduction?
15.What is taxable income?
16.What is the tax on ordinary income?
17.What is the tax on long-term capital gain (loss) and qualified dividends?
18.What is the self-employment tax?
19.What is the kiddie tax?
20.What is the balance due or (refund)?

Sample Solution

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