FORM1040 Yale University Qualified Dividends and Capital Gain Tax Worksheet
Business Finance
Step 1: Read the information below and download the taxpayer information based on the last two digits of your REDid:
Step 2: Download the blank forms on which to complete the assignment Blank Form 1040
Step 3: Complete the Schedule B first, then Schedule 1, then the Form 1040 down through Line 10. Then complete the Qual Div worksheet and use that information to complete the rest of the Form 1040.
Step 4: Submit all 4 documents to complete the assignment.
(STEPS 1 AND 2 ARE COMPLETED AND ALREADY ATTACHED, AS THEY ARE NEEDED)
(USE INFO BELOW TO COMPLETE STEPS 3 AND 4)
(FEW MORE DOCS ARE NEEDED AS I WILL ATTACH IN OUR CHAT)
Alexander Smith and his wife Allison are married and file a joint tax return for 2018. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6 months off from his job in 2018 to obtain a higher level pilots license. The Smiths have a 17 year-old son, Brad, who is enrolled in eleventh grade at the Walt Disney Prep School. The Smiths also have an 18 year-old daughter, Angelina, who is a part-time first year student at Orange County Community College (OCCC). Angelina is married to Sean Shirker, who is 19 years old and also a part-time student at OCCC. Sean and Angelina have a 1 year old child, Trask (Social Security number 115-45-7893). All the Shirkers live in an apartment near the Smiths. Angelina and Sean both also work part-time for Seans wealthy grandfather as apprentices in his business. The Shirkers wages for the year were $50,000 which allowed them to pay all the personal expenses for themselves and Trask.
Name
Social Security number
Date of birth
Alexander Smith
266-15-1966
09/22/1969
Allison Smith
266-34-1967
07/01/1970
Brad Smith
261-55-2121
12/21/2001
Angelina Shirker
261-45-1212
03/31/2000
Sean Shirker
546-78-1235
05/01/1999
Trask Shirker
115-45-7893
10/21/2017
Five years ago, Alexander divorced Jennifer Amistad (Social Security number 341-55-6789). Alexander pays Jennifer $200 per month in alimony under the divorce decree.
Not included with the Smiths tax forms was interest from State of Florida bonds of $145.00.
Alexander also received a Form W-2, Form 1099-INT, and Form 1099-DIV that you should have downloaded in Step 1 above.
