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Rhonda Hill's 2012 federal income tax return




Question;Complete Rhonda Hill's 2012 federal income tax return.Fact:1. Rhonda Hill (unmarried) is employed as an office manager at the main office of Carter and Associates CPA firm. Rhonda lives in a home she purchased 20 years ago. Rhonda's older cousin Mabel Wright lives with Rhonda in the home. Mabel is retired and receives $2,400 of Social Security payments each year. Mabel is able to save this money because Rhonda provides all of Mabels support. Rhonda also provided the following info:Rhonda does not want to contribute to the presidential election campaign.Rhonda lives at 1234 Blue Ridge Way, Tulsa, OK 74101.Rhonda's birthday is 12/18/1957 and her social security number is 335-67-8910.Mablel's birthday is 11/2/1945 and her social security number is 566-77-8899.Rhonda does not have any foreign bank accounts or trusts.2. Rhonda received a Form W-2 from Carter and Associates (her employer) thatcontained the following information:? Line 1 Wages, tips, other compensation: $72,000? Line 2 Federal income tax withheld: 9,300? Line 3 Social Security wages: 72,000? Line 4 Social Security tax withheld: 3,024? Line 5 Medicare wages and tips: 72,000? Line 6 Medicare tax withheld: 1,044? Line 16 State wages, tips, etc.: 72,000? Line 17 State income tax: 2,700? Carter and Associates address is 1234 CPA WayTulsa, OK 74101, its FEIN is 91:0001002, and itsState ID number is 1234566783. Rhonda received $250 in interest from Tulsa City bonds, $120 interest fromIBM bonds, and $15 from her savings account at UCU Credit Union. She alsoreceived a $460 dividend from Huggies Company and $500 from Bicker Corpo-ration. Both dividends are qualified dividends.4. Rhonda sold 200 shares of DM stock for $18 a share on June 15, 2012. Shepurchased the stock on December 12, 2007, for $10 a share. She also sold50 shares of RSA stock for $15 a share on October 2, 2012. She purchased thestock for $65 a share on February 2, 2012. Stock basis amounts have beenreported to the IRS.5. The following is a record of the medical expense that Rhonda paid for herselfduring the year. The amounts reported are amounts she paid in excess of insur-ance reimbursements.Insurance premiums $900Prescription medications 100Over-the-counter medications 250Doctor and dentist visits 485Eyeglasses 300Physical therapy 2006. Rhonda paid $2,800 in mortgage interest during the year to UCU credit union.She also paid $1,200 in real property taxes during the year.7. Rhonda contributed $2,350 to Heavenly Church during the year. HeavenlyChurch?s address is 1342 Religion Way, Tulsa, OK 74101.


Paper#43670 | Written in 18-Jul-2015

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