ederal income tax forms for a married couple

Appendix A

Please use this information for your Tax Return and Paper.

*All people, businesses, and information are fictional.  Any relation to an actual person or business is accidental.

Harold Petersan

SSN: 0XX-01-1XXX

Date of Birth (DOB): 05/27/1975

Gross Pay: $51,750

401(k) contributions: $4,140

Healthcare costs (payroll deductions): $1347

Reported wages: $46,263

Social Security Wages: $50,403

Medicare Wages: $50,403

State Wages: $46,263

Taxes withheld:

            Federal: $2896.06

            Social Security: $3124.99

            Medicare: $730.34

            State: $682.38

            sdi (mandatory disability insurance): $393.24

Employer: PointMark, INC

Address: 1111 One Park Place

City: One City

State: California

Zip code: 11111

Employer’s FED ID number: 33-01XXX11

Sarah Petersan

SSN: 001-02-XXXX

DOB: 08/11/1979

Gross Pay: $50,000

401(k) contributions: $4,000

Healthcare costs (payroll deductions): $1347

Reported wages: $44,653

Social Security Wages: $48,653

Medicare Wages: $48,653

State Wages: $44,653

Taxes withheld:

            Federal: $2795.28

            Social Security: $3016.49

            Medicare: $704.98

            State: $658.63

            sdi (mandatory disability insurance): $379.55

Employer: CompanyOne

Address: 1111 Place Road

City: One City

State: California

Zip code: 11112

Employer’s FED ID number: 33-01XXX22

Dependent:

Tara Petersan

SSN: 001-XX-XX00

DOB: 12/29/2004

Child Care Costs: $10,320

Child Care Provider: fabulous daycare center

Address: 121 Place Road

City: One City

State: California

Zip code: 11111

Identifying number: 33-XXXX011

Life Change Events

Home Sale:

Primary residence sale price $520,000

cost basis (incurred three years prior) $300,000

Property Tax paid: $1,500

Mortgage Interest paid: $14,400

ax Return Paper

Complete federal income tax forms for a married couple (information provided in Appendix A under the Appendix and Forms section below). It is up to the student which forms are used from the following list (blank copies of all forms are available by following the weblink in your classroom):

The assignment can be completed with or without the TaxAct CD that comes with the hard-copy of the text.

Upon completing the return, the student will submit a three to six page paper describing why they chose the forms and how the federal income tax return forms work. The student will submit both the tax return (all forms used) and the paper to their instructor. The Tax Return Paper must reflect college-level writing and thinking, and will contribute 15% to the course grade.



Writing the Paper
The Paper:

Must be three to six double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.
Must include a cover page that includes:
Title of paper 
Student's name
Course name and number
Instructor's name
Date submitted
Must include an introductory paragraph with a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must conclude with a restatement of the thesis and a conclusion paragraph.
Must use at least 5 scholarly resources, including a minimum of 2 from the Ashford Online Library.
Must use APA style as outlined in the approved APA style guide to document all sources.
Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.