Demo Lesson 1 - Filing Federal Taxes Page 13 of 15 Activity 3: Completing a 1040EZ (Offline - 25 pts.) Directions: Okay, it's your turn to fill out a Federal Tax Return, using your personal information, a fake social security number and the following financial information, you will complete a 1040EZ and submit answers for a grade. Follow the directions on the 1040EZ and determine if you have a refund or if you owe tax. Once you are satisfied with your calculations, fill in the form below and submit the form for a grade. The instruction booklet for the 1040EZ can be found on the following web site: http://www.irs.gov/pub/irs-pdf/i1040ez.pdf. The tax table is on page 24 of the booklet. Since it is long, printing is not recommended. In real life, if you have to fill out a 1040EZ while you live with your parents, you would need to use page 20. However, you will NOT have to use page 20 for this activity. Use the following personal and financial information: Personal Information Use your name and address Use any fake social security number such as 123-45-6789. Since you will not be married for this activity, put dashes in your spouses social security number. Choose yes or no for whether to contribute to the presidential election campaign. You live on your own. Your parents can NOT claim you as a dependent. Financial Information Wages, tips, and other compensation $5,233.55 Form W-2 Federal Tax withheld $118.00 Form W-2 Taxable Interest $82.00 Form 1099INT IMPORTANT: Fill In All Boxes with dollar amounts (00.00). If there is no amount, enter 0.00. Your First Name and Middle Initial Last Name If a joint return, spouse's first name and inital Spouse's Last Name Home address (number and street). City, town or post office, state and ZIP code. Your social security number Spouse's social security number Yes No Yes No 1. 2. 3. 4. 5. Can your parents (or someone else) claim you on their return? Yes No Enter amount from worksheet on back If single, enter $7,700.00. If married, enter $13,850. See back for explanation. 5. 6. 7. 8. 9. 10. 11a. 12. Submit Your Information: When you have completed the form to your satisfaction, click the Submit button below to send your information to your instructor and continue Lesson 2. Page 13 of 15 | Courtyard | Main Menu | Journal | Help | Glossary | Gradebook | Communications | Logout | © 2001 Large Unit District Association (LUDA) Education Foundation Center for the Application of Information Technologies (CAIT)