In: Accounting
Tax Return-Individual Number One (after Chapter 4)
Instructions:
Please complete the 2018 federal income tax return for Jonathan Hales. Be sure to include only required tax forms when completing the tax return. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps.
Jonathan Hales attended State University as a part-time student during the year. Jonathan lived at home with his parents while working a part-time job. The following information relates to 2018:
Jonathan received the following income during the year:
Employer |
Gross Wages |
Federal Income Tax Withholding |
State Income Tax Withholding |
The Colony |
3,675 |
165 |
0 |
Rock Climbing, LLC |
1,790 |
0 |
0 |
Community Pool, Inc. |
4,235 |
240 |
0 |
All applicable and appropriate payroll taxes were withheld by his various employers.
Jonathan received $12 in interest income from the First Bank of Texas during the year. Jonathan did not own, control, or manage any foreign bank accounts, nor was he a grantor or beneficiary of a foreign trust during the tax year.
Jonathan had no itemized deductions.
Jonathan does not want to contribute to the Presidential Election Campaign Fund. He would like to receive a refund (if any) of any tax he may have overpaid for the year. His preferred method of receiving the refund is by check.