Edgar's W2 - He earns $5505.00 IRS link for 1040: https://www.irs.gov/pub/irs-pdf/f1040.pdf CALCULATE: Completing a 1040 The 1040 is the form to complete federal income tax returns. Part I: Scenarios To illustrate how different circumstances, affect your tax return, we'll explore the case of the following individual: Edgar Flores · Age 16 · Lives with his parents · Works around 10 hours/week cleaning pools for $15/hour Part II: Completing the 1040 To complete a tax return, use the 1040. This PDF comes directly from the IRS website. You can type directly into the form or print and complete manually. Follow the directions on every line of the 1040. · For certain lines, you may need additional information. Consult the table below: Lines 2-5 Assume $0 for each value Line 7 No adjustments to income Line 8 Determine if the individual is/is not a dependent by reading the "Who qualifies as a dependent?" and "Qualifying Child" sections of this article. Then, follow the directions below: 1. If you are NOT a dependent, enter $12,000 2. If you ARE a dependent, and line 6 is >$12,000, enter $12,000 3. If you ARE a dependent, and line 6 is <$12,000, add $350 to line 6 and enter that total here Line 9 Assume no Qualified Business Income Deduction Line 11 1. To find tax for 11a, refer to the tax table starting on page 67 of the 1040 Instructions 2. In these scenarios, no one needs to complete additional forms or Schedule 2 Line 12 Assume no child tax credits Line 14 Assume no other taxes Line 16 Assume no 1099 form Line 17 Assume no refundable credits Line 20 If line 19 indicates they overpaid, complete line 20a that they'd like a full refund. You should NOT enter bank account information. Line 22 If they owe money, complete the calculation here. Part III: Results I need help with a completed 1040 for Edgar.
