How would you complete a 2022 1040 tax form for: Ji Bao: ...
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Accounting
How would you complete a 2022 1040 tax form for: Ji Bao:
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Client ID
1111
Primary Taxpayers Legal Name
Ji Bao
Primary Taxpayers Preferred Pronoun
He
SSN
***-**-1111
Age
45
Occupation
Retail Manager
Citizen/U.S. Resident Status
U.S. Permanent Resident
Primary Residence
616 Langly Road #2C, Gatlinburg, TN 37738
Owned; mortgage
Secondary Residence
Business Owner
Property Ownership
616 Langly Road #2C, Gatlinburg, TN 37738
Languages
English
Marital Status
Single
Spouses Legal Name
Spouses Preferred Pronoun
Spouses Age
Spouses Occupation
Dependent(s) (# - Relationship) (Name/Age/SSN)
1 - Son
Christian Bao (Age 10) (***-**-1112)
Income Streams
W2
Ji Bao is a single father with one son, Christian, who has lived with him all year. Ji was unmarried at the end of the year. He has full custody of Christian. Ji works at the local hardware store as a retail manager. He also worked part time at the library for several months during the summer and as a server on the weekends.
Client 1 Details
Ji provides receipts for co-pays paid to his doctor totaling $10,550 for the year.
Ji provides Form 1098 reporting $7,685 in mortgage interest and $2,320 in mortgage insurance premiums for his primary residence.
Ji reports paying $1,985 in real estate taxes for the year on his primary residence.
Je provides a statement from his local church for cash contributions of $3,000 for the year.
Ji provides receipts for his sons school uniforms totaling $500 for the year.
The general sales tax paid was $1,116.
Client 1 W2
Jis W2 from the local hardware store contained information in the following boxes:
Wages (box 1)
$49,715
Federal W/H (box 2)
$4,707
Social Security Wages (box 3)
$49,715
Social Security W/H (box 4)
$3,082
Medicare Wages (box 5)
$49,715
Medicare W/H (box 6)
$721
Jis W2 from the local library contained information in the following boxes:
Wages (box 1)
$16,222
Federal W/H (box 2)
$0
Social Security Wages (box 3)
$16,222
Social Security W/H (box 4)
$1,006
Medicare Wages (box 5)
$16,222
Medicare W/H (box 6)
$235
Jis W2 from the local restaurant contained information in the following boxes:
Wages (box 1)
$22,288
Federal W/H (box 2)
$1,560
Social Security Wages (box 3)
$12,555
Social Security W/H (box 4)
$1,382
Medicare Wages (box 5)
$16,222
Medicare W/H (box 6)
$323
Tips
$9,733
Answer & Explanation
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