Jin Xiang is single and lives at 2468 North Lake Road in Deerwood, MN 56444. Her SSN is 412-34-5670. She worked the entire year for Lakeland Automotive. The Form W-2 from Lakeland contained the followign information: Wages (box 1) = $42,851.89 Federal W/H (box 2) = $4,583.91 Social Security Wages (box 3) = $42,851.89 Social Security W/H (box 4) = $2,656.82 Medicare Wages (box 5) = $42,851.89 Medicare W/H (box 6) = $621.35 On the weekends, Jin worked at Parts-Galore, a local auto parts store. The Form W-2 from Parts-Galore contained the following information: Wages (box 1) = $11,591.87 Federal W/H (box 2) = $548.82 Social Security Wages (box 3) = $11,591.87 Social Secutiry W/H (box 4) = $718.70 Mediare Wages (box 5) = $11,591.87 Medicare W/H (box 6) = 168.08 Jin also received  a Form 1099-INT from  Minnesota Savings and Loan. The amount of interest income in box 1 was $51.92 Jin had qualifying health care coverage at all times during the year. Prepare a Form 1040 for Jin.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Jin Xiang is single and lives at 2468 North Lake Road in Deerwood, MN 56444. Her SSN is 412-34-5670. She worked the entire year for Lakeland Automotive. The Form W-2 from Lakeland contained the followign information:

Wages (box 1) = $42,851.89

Federal W/H (box 2) = $4,583.91

Social Security Wages (box 3) = $42,851.89

Social Security W/H (box 4) = $2,656.82

Medicare Wages (box 5) = $42,851.89

Medicare W/H (box 6) = $621.35

On the weekends, Jin worked at Parts-Galore, a local auto parts store. The Form W-2 from Parts-Galore contained the following information:

Wages (box 1) = $11,591.87

Federal W/H (box 2) = $548.82

Social Security Wages (box 3) = $11,591.87

Social Secutiry W/H (box 4) = $718.70

Mediare Wages (box 5) = $11,591.87

Medicare W/H (box 6) = 168.08

Jin also received  a Form 1099-INT from  Minnesota Savings and Loan. The amount of interest income in box 1 was $51.92 Jin had qualifying health care coverage at all times during the year. Prepare a Form 1040 for Jin.

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