Margaret O’Hara has been divorced for about two years. She is 28 years old, and her address is 979 Adams Street, Jacksonville, FL 32202. Additional information about Ms. O’Hara is as follows: Social security number: 412-34-5670Date of birth: 6/17/1992W-2 for Margaret shows these amounts:Wages (box 1) =$ 38,000.00Federal W/H (box 2) =$ 4,820.00Social security wages (box 3) =$ 38,000.00Social security W/H (box 4) =$ 2,356.00Medicare wages (box 5) =$ 38,000.00Medicare W/H (box 6) =$ 551.00Margaret is a research assistant. Required:Prepare Form 1040 plus all the appropriate Schedules and worksheets for Ms. O’Hara for 2020. She does not want to contribute to the presidential election campaign. Ms. O'Hara had qualifying health care coverage at all times during the tax year. (Input all the values as positive numbers. Do not skip rows while entering in the Dependents section of Form 1040 PG1.)

as the [AGFG]Adjusted Gross financial gain is 62,000, liabilities is9,951, quantity in hand is…

Answered: Margaret O’Hara

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Margaret O’Hara has been divorced for about two years. She is 28 years old, and her address is 979 Adams Street, Jacksonville, FL 32202. Additional information about Ms. O’Hara is as follows:

Social security number: 412-34-5670
Date of birth: 6/17/1992
W-2 for Margaret shows these amounts:
Wages (box 1) =	$ 38,000.00
Federal W/H (box 2) =	$ 4,820.00
Social security wages (box 3) =	$ 38,000.00
Social security W/H (box 4) =	$ 2,356.00
Medicare wages (box 5) =	$ 38,000.00
Medicare W/H (box 6) =	$ 551.00

Margaret is a research assistant.
Required:

Prepare Form 1040 plus all the appropriate Schedules and worksheets for Ms. O’Hara for 2020. She does not want to contribute to the presidential election campaign. Ms. O'Hara had qualifying health care coverage at all times during the tax year. (Input all the values as positive numbers. Do not skip rows while entering in the Dependents section of Form 1040 PG1.)

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